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submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

Most of the world's biggest advertisers have stopped buying ads on Elon Musk's X, exclusive new data shows::Musk and X CEO Linda Yaccarino have recently stated that most of the company's top-spending advertisers from last year have returned.

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[-] resin85@lemmy.ca 40 points 11 months ago

Visa, for example, spent $10 in the 12 weeks to October 6, compared to $77,500 during the same period last year, according to Sensor Tower's data.

I'm no business genius like musk, but I'm gonna take a guess that wouldn't even pay the bills for the ridiculous X sign he put on the roof and then had to take down.

[-] crystalmerchant@lemmy.world 12 points 11 months ago

Why pay the $10? If you're going to drop from 77k to 10 you might as well drop to zero, right? There must be some nuance or legalese around this that I don't understand

[-] trigonated@lemmy.world 17 points 11 months ago

Isn't $10 the monthly subscription fee or whatever it's called? Maybe they just want to keep that checkmark besides their name.

[-] funkless_eck@sh.itjust.works 23 points 11 months ago

brand protection campaign. You run a minimal spend on every CDN on your trademarks as a method of ensuring each platform connects and protects your name back to your business entity

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this post was submitted on 23 Oct 2023
775 points (94.0% liked)

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