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Value of X has fallen 71% since purchase by Musk and name change from Twitter
(www.theguardian.com)
this post was submitted on 02 Jan 2024
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Technology
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As easy as it is to hate what he did to Twitter I wonder how much of that original value was just "VC hype" and now people see it for the failure it has always been like all social media in a way. Turns out it's pretty hard making money out of non paying users.
I think alienating all the advertisers probably didn't help much either.
Man now I'm wondering who are the nerds holding up that last 29% of value it has. i can't imagine that many people paying for verification.
Whoever you are: just let go~ let Xitter sink unceremoniously into the abyss~
The original value was based on ad revenue which is down now. It has nothing to do with VC hype or non paying users.