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.

  • InternetUser2012@lemmy.today
    21·
    3 months ago

    If he sells it all, I’ll buy a Tesla the next day. Until then, dinosaur bones for me. Unless an economical and very powerful aftermarket swap parts become readily available.