News • 3 months ago

Elon Musk may have to sell billions in Tesla stock to rescue X

cross-posted to:
[email protected]

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Elon Musk may have to sell billions in Tesla stock to rescue X

News • 3 months ago

cross-posted to:
[email protected]

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.

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3•3 months ago
Oh no think of all the journalists that will have to work instead of quoting twitter for 3 scrolls straight!
- @gedaliyahOPM
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  1•3 months ago
  My privacy settings block Twitter embeds so reading low quality news is a nightmare. They should just quote it in the body of the article and hyperlink it instead.

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