this post was submitted on 18 Jul 2023
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467
Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over (markets.businessinsider.com)
submitted 1 year ago by mastermind@lemm.ee to c/technology@lemmy.world
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[–] T156@lemmy.world 3 points 1 year ago (1 children)

ad revenue that’s hemorrhaging customers

It's also haemorrhaging ad revenue, since Musk recently stated that ad volumes were down 50% or so.

[–] Saneless@lemmy.world 3 points 1 year ago

Twitter ad buys were junk when it was considered a good site. I can't imagine how poorly it's doing since the users are largely bluetlicker shitstains