Elon Musk says that Twitter's cash flow is still in the red due to a 50% drop in advertising revenue.

Musk says a 50% drop in ad revenue for Twitter is causing negative cash flow::Elon Musk says that Twitter’s cash flow is still in the red due to a 50% drop in advertising revenue.

    • RvTV95XBeo@sh.itjust.worksEnglish
      15·
      1 year ago

      Musk didn’t buy Twitter to control the conversation, he bought it because his ego was too massive to just shut the fuck up for a minute and admit it was a stupid idea.

      He tried to pull out after he came to the same realization literally everyone had been shouting at him for months but was legally in too deep.

      • loutr@sh.itjust.worksEnglish
        3·
        1 year ago

        I like the theory that he only wanted a reason to sell a large amount of Tesla shares without causing a panic sell.

      • FuglyDuck@lemmy.worldEnglish
        2·
        1 year ago

        It’s an ego thing. he wanted to be cool. Like Myspace tom.

        keep in mind that even at what he paid for it, it’s still not a loss he’s going to really feel. It’s the difference between his grandkids having their own G280 vs them having their own G800 gulfstream.

        • vezrien@lemmy.worldEnglish
          2·
          1 year ago

          He wanted to pretend to be interested long enough to read Amber Heards DMs and then back out. He didn’t count on Twitter wanting to sell.