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.

  • Nollij@sopuli.xyzEnglish
    381·
    3 months ago

    There are many reasons to avoid Tesla, regardless of Musk. The complete lack of independent repair was my deal breaker, but you’ll find your own. Their competition is looking pretty good these days, too.