patrick.net

Eric Holder says

rocketjoe79 says

Remember how Elon fired 90% of Twitter employees - and now X is thriving more strongly than Twitter

By what metric? Revenue has declined 19.2% year-over-year in Q1 2024 and number of active users is 15% less than before rebranding to X.

Gross revenue.... Cut costs with salaries and it's not a loss on the net end of the numbers. 15% on the users is not a big deal either. Most were probably dead weight and protest quit X because they don't like Musk. Likely couldn't afford the stuff in ads.

Also I don't think Musk gives a flying fuck about money for himself. He has more than he even knows what to do with it. Put 1 million in your bank. Musk has 100,000 times more than that and that's a low estimate. He has a multiple of what most people make a year on his money. He can collect 1-2% interest to cover living expenses for his family. He can borrow tax free income on his stock holdings.

Whatever happens with twitter is a huge nothing burger.

Eric Holder says

By what metric? Revenue has declined 19.2% year-over-year in Q1 2024 and number of active users is 15% less than before rebranding to X.

Woke Ad Agency bans. It will recover. Active Users? Mass bot purges.