X Barely Breaking Even

Forum Moderators: not2easy & rumbas

Message Too Old, No Replies

X Barely Breaking Even

engine

11:37 am on Jan 25, 2025 (gmt 0)

According to reports, Musk appears to be communicating with X employees that the company is "barely breaking even".

Ever since Elon Musk closed his deal to buy Twitter he’s claimed the company, now called X, is in “a very dire situation from a revenue standpoint.”

Now, the Wall Street Journal reports that banks are preparing a coordinated move to sell off some of the $13 billion in debt they loaned Musk to finance the deal. It mentions an email sent to employees this month, also confirmed by The Verge, where the Chief Twit said, “...we’ve witnessed the power of X in shaping national conversations and outcomes,” but also claimed, “Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even.”

[theverge.com...]

buckworks

2:32 pm on Feb 9, 2025 (gmt 0)

I'm not sure it's accurate to think of Musk as a politician, but his behaviour on the world stage is highly relevant to how X is performing. People who are appalled by his recent actions and verbiage have been backing away from X.

lucy24

5:52 pm on Feb 9, 2025 (gmt 0)

And, conversely: Time spent engaging in global politics is time not spent running your business. This, too, is highly relevant--especially when there have been significant cutbacks in staff.

londrum

7:39 pm on Feb 9, 2025 (gmt 0)

To be fair to him, I don’t think he’s been in charge of Twitter day to day for ages. I remember he ran a poll on Twitter about whether he should stand down as CEO… and lost!

The surprising thing was that he actually stood by the result, and brought in that Yaccarino lady

buckworks

11:17 pm on Feb 9, 2025 (gmt 0)

Just for fun, I checked a few X accounts and their most recent posts. I picked these because they are all companies that I bought something from within the last year:

Amazon - 6 million followers - last post Feb 6 - 54K views
Company A - 17.2K followers - last post Jan 29 - 40 views
Company B - 18.2K followers - last post Jan 21 - 199 views
Company C - 42.6K followers - last post Nov 19 - 2.5K views
Company D - 196.2k followers - last post Feb 7 -201 views
Company E - 65.5K followers - last post Nov 17/2022 views ?

Only one had their most recent posts seen by more than 1% of their followers.

Mark_A

8:44 am on Feb 10, 2025 (gmt 0)

Hmm. incidentally the post I mentioned up thread

and I saw a post from Mr Musk which said anyone posting things critical of the Trump government could expect their account to be frozen / suspended.

Was apparently false. Musk apparently didn't make such a post.

blend27

7:08 pm on Feb 20, 2025 (gmt 0)

..waving an arm..

I am I am!

Now that is Said, folks in my pool are advertisers no more.

.. geographic location ..

Canada, Brasil, Ukraine, and now murica(Clad Funky)... Yep, in that Order.

Got up this morning 6-ish, looked out the window. 20 Minutes from NYC. There was an Old Lady on the bus stop. I see around 7-ish she was still there. Made a Hot Cup of Tea, walked down from 3rd floor and treated the Beautiful Human Being with that + a pack of Sugar.

Those are the Eyes you want to see, not "Xvitter" BS fake stats.

..my Garden is 32 years old, here in USA..

Mark_A

10:48 am on Feb 21, 2025 (gmt 0)

Obvious but X and Musk himself are alienating left of centre individuals.
That has to be at least half the X TAM

This 37 message thread spans 2 pages: 37