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Elon Musk may have to sell billions in Tesla stock to rescue X

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.

Kowowow ,

How close is this market manipulation?

xenoclast ,

The Venn Diagram is a circle. If billionaires were held accountable it’d be a problem for him. But it’s not

MediaBiasFactChecker Bot ,

Fortune Magazine - News Source Context (Click to view Full Report)Information for Fortune Magazine:
> MBFC: Right-Center - Credibility: High - Factual Reporting: High - United States of America
> Wikipedia about this source

Search topics on Ground.Newshttps://fortune.com/2024/08/15/elon-musk-tesla-stock-sale-twitter-x-advertiser-boycott-finances-bradford-ferguson/

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ArugulaZ ,

Maybe if he was smart, he’d just give up on the social network and sell it off to someone else. But he’s not smart, so he’ll keep sinking money into it until cooler heads in the company prevail. The era of social media dominance, I’m sorry to say, is over.

explodicle ,

You’re sorry to say?

Tom_Hanx_the_Actor ,

I seriously think his decision to brand it “x” was to protect the name “twitter” from his unpopularity and inevitably devaluation of the platform.

Gsus4 ,
@Gsus4@mander.xyz avatar

He’s so close…sell everything, buy a private island. Retire in style, never be heard from again. Bliss for him and everyone.

dellish ,

Rich guys and private islands… I’m sure nothing bad has ever come of that.

PedroMaldonado ,

If teitter went away tomorrow…wed all get on with our lives.

ArchRecord ,

You get what you pay for.

aloeTGL ,

Does anyone remember when musk said he’d buy twitter just so he could delete it?

BenLeMan ,

Or, or, hear me out: just close that cesspool right down to make the world a better place.

breakfastmtn ,
@breakfastmtn@lemmy.ca avatar
cabron_offsets ,

lol cuck

finickydesert ,
@finickydesert@lemmy.ml avatar

Why is he since he maybe going to jail soon

tacosanonymous ,

I don’t think that’s likely.

TheFriar ,

Lol

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