X drops headlines from articles, as new report details its bleeding ad revenue::Elon Musk’s X revamped its look to eliminate headlines on article links Wednesday, the same day that Reuters reported the platform has seen massive monthly…

  • joenforcer@midwest.social
    link
    fedilink
    English
    arrow-up
    15
    ·
    1 year ago

    Since Twitter is now private, we’ll never know the real numbers, but the paper value of the Twitter brand itself being cast aside is a huge non-monetary loss.

    • Tyfud@lemmy.one
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      That’s not entirely true. There is a company that still holds its Twitter shares even after it went private. They are the ones that everyone points to when looking for real estimates of how much value the company has lost. Every quarter or so they release their estimate of their shares in Twitter, and based on the total shares they own, we can get a good idea of the total company valuation.

      • joenforcer@midwest.social
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 year ago

        Twitter was a public company before Elon’s acquisition. Not sure what you’re trying to get at with the “profit-driven” comment either… every business is by necessity.

      • Natanael@slrpnk.net
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        Don’t mix private vs gov entity with private ownership vs ownership shares open for purchase top the public

        • uis@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          You forget about NG-NPOs. Linux Foundation is NG-NPO, FSF is NG-NPO.