That first article entirely revolves around some random finance bro’s idle speculation in a YouTube comment. It blows my mind that people are so trusting of obvious guess work given that it’s a privately held company that’s not disclosing their financials.
aw1621107|1 year ago
I'm not sure that's a wholly accurate description? The article appears to point to sources beyond that singular comment - in particular, ostensible internal financial information:
> Ferguson based his assessment on internal second-quarter figures recently obtained by the New York Times. According to this report, X booked $114 million worth of revenue in the U.S., its largest market by far. This represented a 25% drop over the preceding three months and a 53% drop over the year-ago period.
> That already sounds bad. But it gets worse. The last publicly available figures prior to Musk’s acquisition, from Q2 of 2022, had revenue at $661 million. After you account for inflation, revenue has actually collapsed by 84%, in today’s dollars.