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.

  • @octopus_ink@lemmy.mlEnglish
    2•3 months ago

    Thanks! (Sorry for the late reply.) Any particular resources you’d recommend for research? Everything I find googling is either immediately clearly an advertisement, or becomes clearly an advertisement as I continue reading.

    • @DesertCreosote@lemm.ee
      2•3 months ago

      Honestly I don’t have anything specific I’d recommend. When I was looking into it, I just did a ton of reading on forums along with articles about how to get everything set up. I also looked at the prices I was offered compared to the prices I’d be able to pay elsewhere, and got quotes from several different companies.

      In the end there were a bunch of reasons I didn’t go with solar. I really love it as an idea, and I really want to do it, but it’s enormously expensive. There are lease options, but they’re also expensive and many of them seemed predatory. My utility ended their purchasing program for solar-generated power, and I’m still required to pay a large monthly fee to be connected to the grid, so I couldn’t plan to offset my costs there either. The tax credits are helpful, but you still need to pay up front.

      • @octopus_ink@lemmy.mlEnglish
        2•3 months ago

        Thanks! I appreciate this analysis - and predatory is exactly how I felt about the people who came to my door, even if they were polite and friendly, and even though I couldn’t seem to dig out that word.