Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with "heavy debt."
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What? The super genius couldn't turn it into a cash machine? I thought he was the smartest (and funniest) person on the planet!
I think this is the saddest part, at least for him. Before Twitter, a lot of people thought he was relatively intelligent to be a part of a groundbreaking electric car company, a crazy tunnel digging company, and wild space vehicle company doing innovative things. Now since Twitter, we see an insanely rich narcissistic meglomaniac that was kept out of most Tesla big decisions as he just wanted the publicity for himself, the tunnel digging company was nothing more than a way to interfere with green projects, SpaceX did the same thing as Tesla and succeeded despite Musk's involvement, and a once respected medium of open communication worth a reported $44 billion dollars devolve into a cess pool of bigotry and arbitrary restrictions. Whatever good will he built for himself over the years that saw him even get a cameo in a Marvel movie next to Tony Stark, he's burned through most of it in the eyes of a lot of people.
It's great for everyone with imposter syndrome! I used to fear I was too inexperienced, inept, unprofessional... but then this happened 😅
Does your daddy own an emerald mine though? That's kind of the key here.
SpaceX and Tesla both grew with his continuous involvement. The managers were trained (out of necessity) to keep his "genius" in check without destroying the company or getting themselves fired. In a sense, Musk's continuous presence gave the companies a form of immunity.
When he infested the bird, the managers didn't know how to protect it. It was like bringing smallpox to the new world.
Also, there were no managers left after Musk's big purge
Also, there were no managers left after Musk's big purge
His new revenue is from oligarchs, not customers.
Buying Twitter was just him getting a fleshlight for his ego.
Well his mum says he is so it must be true.