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.
That’s because it is almost exclusively tied up in his various corporate holdings that include everything from rocket builder SpaceX and brain chip company Neuralink to his latest startup, xAI.
None of these investments are easily fungible. Only Tesla is a publicly traded company. So the easiest solution at his fingertips is to liquidate a portion of his remaining 12% stake.
Let it fucking burn.
If he sells enough Tesla stock, he may save both companies!
Under rated comment
Except I’m not sure what he is planning will save Twitter
Agreed, I just cant tell if extreme ineptitude for a tech bro ceo or intentional.
Free market capitalism will say to let it fail.
HATERS will say it’s fake
Free market only matters when adhering to it fucks consumers.
deleted by creator
Oh that’s okay they’ll make an exception for him. He’s too rich.
Big if true.
BIG
*if true
if (mode(FREE_MARKET_CAPITALISM) == TRUE) { big(); }You don’t need
" == True"except if it’s the name of a variable that’s not boolean, in which case it wouldn’t make sense to name it “True”.-1
Some languages have nullable booleans where evaluating them directly may lead to errors. An example is PowerQuery M, which is designed for data queries and transformations, where “no value” may be distinct from “false”.
The syntax of the example most definitely isn’t M, but I’m just saying, such languages exist.
You do realize this is a joke, right? That this is not a programming community, so a little clarity of said joke may be beneficial?
Sometimes it’s better to go with the flow, and not overthink things. 😊
You do realize that was a joke?
I know I’m just a big nerd 😆
This guy ifs.
Maybe, or they else.
Why not both?
Let that sink in.
What an unfunny dipshit. He actually thought that was clever.
It might’ve been funny if he was remotely likable. Turns out that humor depends highly on not being an asshole.
Nah, the problem is there’s just nothing humorous about it. Not even Robin Williams could’ve made that bit work, and everybody loves him. (RIP)
I thought everybody loves Raymond?
His abusive wife clearly doesn’t .
We should at least Love Lucy.
I actually don’t care for Robin Williams. I don’t actively dislike his stuff, I just find his humor off-putting. Good Morning Vietnam was OK.
It is clever, he told everyone up front that he was there to sink the company.
I thought that actually was the joke of this stunt, and he was being sarcastic. Was that not it?
I think it was originally supposed to be “let that sink in” so they let it in.
But, yeah unless there’s some kind of 5D chess that I’m not seeing, he is sinking it.
Maybe since he’s full MAGA now, he’s merely decided he’s tired of winning.
Look at his smile, he’s so proud. As if he just invented the concept of the pun. “You get it guys? Sink in, but it also means, like, a sink you can wash your hands in? So funny. Hysterical. Guys, please laugh.”
Yeah, he is sinking it.
Why is he since he maybe going to jail soon
I don’t think that’s likely.
Or, or, hear me out: just close that cesspool right down to make the world a better place.
Oh no think of all the journalists that will have to work instead of quoting twitter for 3 scrolls straight!
2 4 1 deal, how to trash 2 companies at once. Good job space karen!
Whats interesting is the NRA spent billions in TV propaganda running a news channel and that venture ended up bankrupting the whole organization. It looks like musk is falling in the same trap
Is this why he’s kissing trump’s ass? Does he think the orange sandwich has the ability to help him if orange shit stain becomes president?
Might try to convince the Trump cult to take it off his hands
You get what you pay for.
From this article:
Ferguson based his assessment on internal second-quarter figures recently obtained by the New York Times. According to this report, X booked $114 million worth of revenue in the U.S., its largest market by far. This represented a 25% drop over the preceding three months and a 53% drop over the year-ago period.
From when he bought twitter:
Mr. Musk has set some ambitious goals for Twitter, which he has said he will transform into an “everything app” called X. In presentations to investors about the deal this spring, he said he anticipated that Twitter would reach annual revenue of $26.4 billion and have 931 million users by 2028.
Uhh, not even close Musk. I guess he still has 3 years and 4 months to turn it around though. lol. I was told this man was a business genius.
“Everything app”?
Everything but successful.
Yes, he wanted to turn it into “we chat” for the rest of the world. How’s that going?
In Elmo’s defense, racists, Nazis, bots, white supremacists, Christian Nationalists, and feline feces are technically in the subset of “everything”.
I was told this man was a business genius.
Was the person who told you that Elon Musk?
Not just Elon, also people paid by Elon. And lots of people on the internet!
Anything short of Elon Musk distancing himself as far from Tesla as possible is breaking his fidicuary duty.
He’s so close…sell everything, buy a private island. Retire in style, never be heard from again. Bliss for him and everyone.
Rich guys and private islands… I’m sure nothing bad has ever come of that.
They don’t call the Evil Lairs for nothing …
That’s the part of owning a business, Elon. Making numerous mistakes costs money.
