4 ms·
> Twitter has lost 85% to 90% of its revenues. Do you mean from when Musk purchased it? https://www.businessofapps.com/data/twitter-statistics/ https://www.bu
by notjoemama 2y ago
> Twitter has lost 85% to 90% of its revenues.
Do you mean from when Musk purchased it?
https://www.businessofapps.com/data/twitter-statistics/ https://www.businessofapps.com/data/twitter-statistics/
Looking at the revenue growth, does anyone know why it increased in value to the degree it did leading up to its sale? I recall there was some discussion around the amount of bots (not the existence, the degree).
Pre-sale:
https://www.pewresearch.org/internet/2018/04/09/bots-in-the-twittersphere/ https://www.pewresearch.org/internet/2018/04/09/bots-in-the-...
https://www.pewresearch.org/short-reads/2018/04/19/qa-how-pew-research-center-identified-bots-on-twitter/ https://www.pewresearch.org/short-reads/2018/04/19/qa-how-pe...
During the process:
https://www.cpomagazine.com/cyber-security/we-checked-elon-musks-claims-about-twitter-bots-heres-what-we-found/ https://www.cpomagazine.com/cyber-security/we-checked-elon-m...
I wonder to what degree bots are still influence the platform. For that matter, it would be nice to know how bad the problem is on Reddit.
- churchill 2y agoI don't understand to what extent bots impacted Twitter's revenue or if at all that happened, after all, that only came up as one of a few tactics Elon tried using to get out of buying Twitter. Thing is, as a public company, Twitter's revenues were public, amounting to $5.229B/yr (i.e., up to the sale). And, the New York Times reported they were doing $114M/quarter in early 2024. Annualized, that's $456M per year. So, an 87% revenue decline if we compare X's self-reported revenues against Twitter's last public disclosures before being acquired.
- churchill 2y agoFaulty math here - revenues are down 91.3% actually.