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by smileysteve
106 days ago
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You and the poster above disagree about the state of Twitter. Twitter had been a growth company, it was early/missed the market with Vine, but was showing ad growth. Now, as a private company, backed by the world's richest man, sovreign wealth funds, and banks that have written down their stakes, it has different economics than a tech / growth company. It's ad revenue is now, not in the ballpark of the fortune 500 or trendy Instagram ads, but somewhere between reddit and sin site markets. |
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For a man with a trillion dollar fortune it’s just his personal equivalent of Fox News, a way to shape the nations conversation.
Plus a way to get data for xAI.
In that regard it’s a huge sucess. I use grok to find out about stuff on X and it’s very effective. Grok is also nowhere as bad as it should be (it’s still not great).