In recent months, X, formerly known as Twitter, has witnessed a significant exodus of journalists, media outlets, and influencers. This trend, dubbed the "Xodus," raises critical questions about the platform's direction under Elon Musk's leadership.
With the Trump administration's return, Silicon Valley elites have entered a transformative phase, positioning Elon Musk's platform X (formerly Twitter) as a potential global hub for discourse and influence. This alliance of powerful tech figures, including Musk, Peter Thiel, and Marc Andreessen, aligns strategically to support Trump's vision, creating a scenario where X could dominate as the world's primary communication platform.
The Cyber Voice has learned that X, formerly known as Twitter, is experiencing a downturn in advertising revenue this year. According to a Bloomberg report on December 12, the social media giant's ad revenue has dropped to approximately $600 million per quarter in 2023, a significant decline from the over $1 billion per quarter it reported in 2022.
Elon Musk experienced a substantial reduction in his net worth this week, plummeting to $193 billion, as reported by Bloomberg's Billionaire Index. This marks the first time since June that the CEO of Tesla has seen his net worth dip below the $200 billion threshold, primarily due to the disappointing quarterly earnings report from Tesla and the loss of value of X (formerly known as Twitter).