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To me, Twitter/X is still running purely because Musk and the banks he used to finance the purchase REALLY don't want to admit to a failure. Musk is very high-p
by notaustinpowers 3y ago
To me, Twitter/X is still running purely because Musk and the banks he used to finance the purchase REALLY don't want to admit to a failure. Musk is very high-profile, with many government contracts, Neuralink coming in hot, and Tesla under a lot of fire over the Cybertruck. He really doesn't need the bad press right now that he pissed away $44bn. Reporting a valuation of $19bn even now is him slowly ripping off the bandaid to prevent too many eyes focusing on his other projects.
- US web traffic down 19%
- Ad portal traffic down 16%
- Mobile traffic on iOS/Android down 17.8%
- Granted, all social traffic was down around 3-4% globally, but we can see the anomaly that is Twitter's traffic.
To me, it's all rubbernecking at a car burning on the side of the road. We'd rather see it burn down while we're there, rather than watch it on the news.