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537 points donohoe | 2 comments | | HN request time: 0.477s | source
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Hoasi ◴[] No.44511157[source]
X has been nothing short of an exercise in brand destruction. However, despite all the drama, it still stands, it still exists, and it remains relevant.
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mrweasel ◴[] No.44511712[source]
More and more I think Musk managed to his take over of Twitter pretty successfully. X still isn't as strong a brand as Twitter where, but it's doing okay. A lot of the users who X need to stay on the platform, journalists and politicians, are still there.

The only issue is that Musk vastly overpaid for Twitter, but if he plans to keep it and use it for his political ambitions, that might not matter. Also remember that while many agree that $44B was a bit much, most did still put Twitter at 10s of billions, not the $500M I think you could justify.

The firings, which was going to tank Twitter also turned out reasonably well. Turns out they didn't need all those people.

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egorfine ◴[] No.44512334[source]
Same opinion. I absolutely hate what he did to Twitter and never in my life I will call it "X" - BUT - it looks to me as if the engagement is thriving.

Edit: clarified that the engagement is thriving

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1. isleyaardvark ◴[] No.44512500[source]
Estimates are that its revenue has decreased by half. Even if Musk decreased operating expenses enough to keep or even increase profits, a 50% drop in revenue is not at all a good sign for the health of business.
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2. egorfine ◴[] No.44513200[source]
My bad: I have now edited the comment and clarified that I have meant engagement thriving, not financials.