Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns, the New York Times reported on Friday.
Don’t forget how recently he really started driving away the advertisers and how close we are to the end of the year. I see it as a very hopeful start.
That’s not as much as I would’ve hoped
Don’t forget how recently he really started driving away the advertisers and how close we are to the end of the year. I see it as a very hopeful start.
$75m in 5 weeks. That’s a run rate of $780m per year. That is not a small chunk of revenue.
Don’t worry, the company is now worth less than half of what he paid for it and his Tesla stocks are hemorrhaging value too 🙂