Replying to @Krazov@mstdn.social
RE: https://mas.to/@carnage4life/117074313215445085
@Krazov @davidgerard yes, their ad revenue has plummeted 70% for example:
Dare Obasanjo@carnage4life@mas.toIn Q2 of 2022, Twitter made $1.08B in ad revenue. Thanks to the SpaceX IPO, we learn that number was $367M in Q2 of this year. He destroyed 70% of Twitter’s ads business in under 4 years.
Luckily for the investors who funded the acquisition, he bundled X into SpaceX/xAI and they made money anyway.