Elon Musk said over the weekend that Twitter's advertising revenue has fallen by 50% since he bought the company, and that it's not cash flow positive.
    • Fritto@lemmy.worldEnglish
      2·
      1 year ago

      Musk is the CEO of a publicly traded company (Tesla) and the CEO of a company that just recently sold shares on the secondary market (SpaceX). The valuation of these companies is wrapped up in market sentiment about Elon Musk.