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.

    • Billiam
      11•3 months ago

      In Elmo’s defense, racists, Nazis, bots, white supremacists, Christian Nationalists, and feline feces are technically in the subset of “everything”.

    • @AA5B@lemmy.world
      2•3 months ago

      Yes, he wanted to turn it into “we chat” for the rest of the world. How’s that going?