this post was submitted on 20 Nov 2023
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Advertiser exodus expected to deeply impact X ad revenue, analysis indicates (techcrunch.com)
submitted 11 months ago by ZeroCool@feddit.ch to c/technology@lemmy.world
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[–] dragontamer@lemmy.world 2 points 11 months ago* (last edited 11 months ago)

While true, we are only talking about $2 to $3 Billion in losses a year.

How long do you think it'd take before Elon truly felt that burn? Maybe 5+ years, right? Maybe longer.

This is a man who conjured up $20+ Billion in cash last year to buy Twitter after all. He can take a few $2 or $3 Billion losses for a while.

Now SpaceX is also losing money and Tesla also looks like it's lost a ton of reputation. So that's what's gonna hurt Elon. But Twitter nonsense is unfortunately a rounding error in all of this.