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this post was submitted on 24 May 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Mike Masnick had a look at Twitter's financials in the SpaceX IPO. From $4.5 billion in ad revenue in 2021, twitter + Grok is down to $3 billion ad revenue a year (and losing $6 billion a year just on the CSAM-generating chatbot). His billionaire friends tossed in $2 billion or $250 million each into the kitty after a brief chat back in 2022.