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Twitter generated $5bn in revenue in 2021. Since Musk bought it, it's been on a rapid decline. In 2024 it generated $2.5bn in revenue... 50% of its pre-Musk num
by strix_varius 1y ago
Twitter generated $5bn in revenue in 2021. Since Musk bought it, it's been on a rapid decline. In 2024 it generated $2.5bn in revenue... 50% of its pre-Musk numbers (46% with inflation)!
Worse, it continues to trend downward.
Most sane tech CEOs would prefer to keep their upward trend and $5+ billion revenue rather than saving $1 billion to lose $2.5 billion and invert their slope.
- whall6 1y agoRemarkably - it’s more profitable now. Also, most layoffs don’t cause huge cuts to advertising spend on their platform because of personal spite or political reasons. The product for all intents and purposes as an advertiser is the exact same.
- strix_varius 1y agoThat's just objectively not true.