• IHeartBadCode@kbin.social
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    1 year ago

    Our US advertising revenue is still down 60 percent, primarily due to pressure on advertisers by @ADL

    What’s neat about this, is that with that kind of loss and the complexity that X is tying to these cases. Even if it was going to be a slam dunk case, the odds they’ll ever recover any kind of cash to stem the absolute bloodletting that percentage indicates within enough time is close to zero.

    That kind of loss paired with the monster sized debt already saddled onto the company is like taking a person who has been cut in half and just had their arms ripped off, all while the person is suffering a heart attack. And the best the doctors can hope for is that a single unit of blood can get here in time to help with the massive blood loss.

    That said, the case is likely to end up like the other one they have going on. Very unclear, very murky arguments, and a lot of questions that don’t have good prior case history.

    Additionally, no court is actually going to think the ADL caused billions of losses by reprint of tweets actually on the website. You can be free speech Musk. But people get to point out what’s on your site to advertisers. The ADL actually can work in concert with advertisers as pretty much every court will see the ADL playing a vital role in due diligence. No court is going to attempt material harm for someone presenting facts, that’s just begging the court to side with a commercial entity in spite of facts.

    Musk looking for excuses on why his company is sinking like the Titanic and he is having issues with accepting that he’s the one who sank it.