this post was submitted on 07 Sep 2023
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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 1 year ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world
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[–] Smacks@lemmy.world 12 points 1 year ago

Social platforms are only worth what they are on paper. Elon is pushing ads and premiums more and more, but it's 100% not enough to run a service like that. How much longer can this go on?