Filings: X's UK revenue fell 58.3% YoY from £69.1M in 2023 to £28.9M in 2024; pre-tax profit fell from £8.5M in 2022 and £2.2M in 2023 to £767K in 2024
Elon Musk-owned site reports plunging profits amid outcry over use of AI tool Grok to create sexually explicit imageryForums:r/PoliticalOptimismForums:r/PoliticalOptimism:X UK revenues drop nearly 60% in a year as content concerns spook advertisers
The Guardian Mark Sweney
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Discussion
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@carolinevoadenmp
Caroline Voaden
on bluesky
If any other platform was generating such massive quantities of sexual abuse material it would have been shut down and criminally investigated. — Ofcom must be given the power to restrict access until X begins to treat this scandal with the seriousness it deserves.
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r/unitedkingdom
r
on reddit
X UK revenues drop nearly 60% in a year as content concerns spook advertisers
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r/europe
r
on reddit
X UK revenues drop nearly 60% in a year as content concerns spook advertisers
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r/PoliticalOptimism
r
on reddit
X UK revenues drop nearly 60% in a year as content concerns spook advertisers
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@carnage4life
Dare Obasanjo
on bluesky
xAI loses over a billion dollars a quarter but don't worry, it's going to power Tesla's Optimus robots. — We're about to see the first person groped to death by a horny, racist robot.
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r/NVDA_Stock
r
on reddit
xAI to take over Optimus from TSLA
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@parismarx.com
Paris Marx
on bluesky
saying xAI is building the AI to power Optimus is basically admitting the AI company is a big scam too, meanwhile everyone backing it is implicated in creating the child porn generator
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@esghound.com
@esghound.com
on bluesky
xAI's biggest use of cash is CapEx, depreciated over a 5-7 year period, so they'd have to be incinerating so much money if the bottom line looks like that in a single q [embedded post]
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@bft.wtf
Bennett Tomlin
on bluesky
How much is Tesla paying xAI for that work? [embedded post]