this post was submitted on 17 Aug 2024
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Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

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[–] ArugulaZ@lemmy.zip 43 points 1 month ago (4 children)

Maybe if he was smart, he'd just give up on the social network and sell it off to someone else. But he's not smart, so he'll keep sinking money into it until cooler heads in the company prevail. The era of social media dominance, I'm sorry to say, is over.

[–] ChairmanMeow@programming.dev 27 points 1 month ago

He'll definitely keep it until after the election at least.

[–] phoenixz@lemmy.ca 20 points 1 month ago

Don't be sorry, that's amazing and awesome! Social media was internets biggest mistake. It going down is great. It dragging the shit clown Musk with it is an absolute cherry on that cake

[–] Tom_Hanx_the_Actor@lemmy.world 9 points 1 month ago (1 children)

I seriously think his decision to brand it "x" was to protect the name "twitter" from his unpopularity and inevitably devaluation of the platform.

[–] Stern@lemmy.world 24 points 1 month ago

I would agree except for two things.

  1. He's shown hes not that savvy.
  2. The X thing has long been a dream of his.

https://www.theverge.com/23814989/elon-musk-banking-x-paypal

[–] explodicle@sh.itjust.works 7 points 1 month ago (1 children)
[–] todd_bonzalez@lemm.ee 1 points 1 month ago

Yeah, I was about to say, good riddance.