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Aadit Sheth highlights a major revenue concentration risk for X, noting that only about 14 percent of its users are based in the U.S., but this group generates more than 50 percent of the platform's revenue.
Sheth points to a clear disconnect between X's global ambitions and its dependence on the U.S. market, warning that this imbalance exposes the company to significant risk. Even if a rebound occurs, revenue for 2025 is still projected to reflect this heavy reliance on U.S. users.
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