Plunging U.S. revenue at X risks opening up a "massive hole" on its balance sheet that Musk needs to plug to stave off its financial collapse.

Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

  • auzy@lemmy.world
    5·
    4 months ago

    They won’t a tiny amount… But controlling share they might.

    I can’t afford a Tesla. However, my biggest concern is that musk will half arse firmware or sabotage the company somehow.

    If he doesn’t have controlling share, that’s a win and I suspect quality control will likely improve too