Donn Beach wrote: ↑Thu Nov 14, 2024 7:32 am
Sure if you're running a 4chan type site or something, let'er rip. But X isnt that type of site. Musk needs advertising to be successful and he needs to be successful because he has investors to answer to. Advertisers are going to be sensitive to what their products are attached to. I would assume they are pretty timid about it. There's no law that requires them to support his site. The thing seems odd to me. How aggressively he went about the changes, and then telling advertisers to fuck off when they pulled back, blaming them for his poor performance
X is in much better position to offer unrestricted free speech than any other imo.
If you're charging people for their accounts, the advertisers can eat sh!t.
Wasn't that the point of charging $8/mo?
According to Grok, X has 10million monthly subscribers who pay either $8 or $16 per month.
At $8 per month, X is bringing in approximately $1B per year in revenues.
According to Grok, the average advertising revenues per year since 2015 have been $3.39B.
So they can afford a 30% drop in advertising right off the top thanks to subscriptions. Not to mention he trimmed the workforce by 80%.