this post was submitted on 17 Dec 2024
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News

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Summary

Elon Musk's X (formerly Twitter) is experiencing a sharp decline in users and value.

Post-election backlash, misinformation, and toxic content have accelerated user departures, with alternatives like Bluesky gaining traction.

While X saw a temporary spike in traffic on election day, its U.S. daily active users fell 8.4% in October.

Analysts project X will lose 7 million monthly users in the U.S. by 2025. Additionally, X's brand value has plummeted from $5.7 billion to $673 million since Musk's 2022 takeover, with revenue dropping 40% year-over-year.

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[–] Shiggles@sh.itjust.works 10 points 1 week ago

neoliberal

Blud has no idea where he is