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X is facing a potential loss of sizable ad spend, as a number of advertisers have paused or stopped their ad campaigns on X after owner Elon Musk amplified antisemitic conspiracy theories on the platform. Among the brands who have since stopped advertising on X are Apple, Comcast/NBCU, Disney, Warner Bros., IBM, Paramount, Lionsgate and the European Commission.Though X has still proven itself as the hub for fast-breaking news as this we
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s business is still dependent on advertising, which makes up the majority of its revenue. As Twitter, ads accounted for roughly 90% of company revenue, with API licensing fees and subscriptions also contributing to the company bottom line. But Musk plan to beef up X subscription plan with a new set of features, including paid verification, has not been proven successful enough to weather a large advertiser departure in the long run. That doesn
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The funding was led by Sierra Ventures with participation from Boldstart Ventures.Ed Sim, founder at Boldstart, says he liked the team and the tech. Spectro Cloud is solving a massive pain that every large enterprise is struggling with: how to roll your own Kubernetes service on a managed platform without being beholden to any
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m told TechCrunch.Spectro co-founder and CEO Tenry Fu says an enterprise should not have to compromise between control and ease of use. We want to be the first company that brings an easy-to-use managed Kubernetes experience to the enterprise, but also gives them the flexibility to define their own Kubernetes infrastructure stacks at scale, Fu explained.Fu says that the stack, in this instance, consists of the base operating system to the Kubernetes version to the storage, networking and other layers like security, logging, monitoring, load balancing or anything that infrastructure related around Kubernetes.& 82