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SpaceX IPO Filing Reveals Twitter Ad Revenue Crater Under Musk
business1 day ago

SpaceX IPO Filing Reveals Twitter Ad Revenue Crater Under Musk

Techdirt notes SpaceX’s 10-Q shows X’s ad revenue collapsed after Musk’s Twitter takeover: ad revenue dropped from about $1.08B in Q2 2022 to $367M in Q2 2026, with 2025 ad revenue around $870M and first-half 2026 around $710M, effectively wiping out roughly two-thirds of the pre-takeover ad business. The company attributes the dip to a transition to a new ad platform, while critics say the overhaul hurts revenue and highlights the gap between Musk’s promises (e.g., $12B in ad revenue by 2027) and reality. Overall, the piece argues that Musk’s track record on delivering revenue growth remains questionable.

via Techdirt.|
#ad-revenue#business#elon-musk
SpaceX IPO Filing Exposes the Reality Behind Musk’s Twitter Revenue Dreams
business2 months ago

SpaceX IPO Filing Exposes the Reality Behind Musk’s Twitter Revenue Dreams

SpaceX’s S-1 filing shows Elon Musk’s Twitter revenue projections were largely fantasy. When X merged with xAI and SpaceX, 2025 revenue totaled about $3.2B (combining X and Grok), far short of the $26.4B Musk pitched for 2028. As of March 2026, paid subscribers numbered about 6.3M (roughly 4.4M X Premium and 1.9M Grok), yielding around $365M in revenue—not the massive subscription wave promised. The payments business launched late and AI losses exceeded $6B, while ad revenue barely nudged upward. The SpaceX IPO may unlock value by bundling the stack, but the underlying results reveal a stark gap between projections and reality.

via Techdirt.|
#business#elon-musk#ipo
Allar Draft Exactly 251 Days Later Keeps a Radio Host's Job
sports3 months ago

Allar Draft Exactly 251 Days Later Keeps a Radio Host's Job

In the 2026 NFL Draft, the Steelers selected quarterback Drew Allar with the No. 76 pick, exactly 251 days after Pittsburgh radio host Andrew Fillipponi posted he’d quit if Allar was drafted; the timing satisfies the bet’s phrasing, and the piece notes Allar could be a potential quarterback future for Pittsburgh amid questions about Aaron Rodgers’ status.

via Awful Announcing|
#andrew-fillipponi#drew-allar#nfl-draft-2026
Taj Jackson Slams Media Ahead of Michael Biopic Debut
entertainment3 months ago

Taj Jackson Slams Media Ahead of Michael Biopic Debut

As the Michael Jackson biopic Michael nears release, Taj Jackson, Michael’s nephew, publicly blasts the press on X, saying the media can’t control the film’s narrative and that the public will decide who Michael Jackson truly was, even joking that critics will have to eat crow. The piece notes the film covers Jackson 5 to the Bad era, explains past depiction limits due to a settlement, mentions 22 days of reshoots costing about $15–20 million, and cites some pre-release box‑office predictions amid a mixed Rotten Tomatoes score.

via Variety|
#entertainment#media-backlash#michael-biopic
X Suffers Widespread Outage With 200K Reports, Cloudflare-Tied Issues Suspected
technology6 months ago

X Suffers Widespread Outage With 200K Reports, Cloudflare-Tied Issues Suspected

X (the platform formerly known as Twitter) went down Friday morning, with users seeing errors like 'Something went wrong' and a spinning reload. Downdetector logged roughly 200,000 outage reports by 10:52 a.m. ET, affecting both the app and website. The issues briefly eased around 10:35 a.m. before resuming at 10:41 a.m., with Cloudflare’s cybersecurity services cited as the likely source, marking yet another outage in a string of disruptions for the platform.

via Variety|
#cloudflare#downtime#outage