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.

  • ...m...@ttrpg.network
    1·
    3 months ago

    The company is tainted forever.

    …he didn’t found the company, engineer the cars, systems, nor infrastructure: there’s a lot of salvageable value in tesla if he goes away…

    • auzy@lemmy.world
      0·
      3 months ago

      The only real engineering he’s done is likely the boring company (who the duck wants to drive in a claustrophobic one lane tunnel) and the submarine thing the cave divers said wouldn’t work (so he called them pedos)

      • Ragnarok314159@sopuli.xyz
        2·
        3 months ago

        He didn’t engineer anything because he doesn’t know how. At most he drew some kindergarten levels drawings on a white board.

        • auzy@lemmy.world
          31·
          3 months ago

          The reality is… He is an engineer. Not all engineers have good ideas.

          The difference is, he won’t accept criticism

          I do software development and have had a few crap ideas (I once thought I could make a optimised OpenGL library using Matricies). The difference between normal people and him, is that when I got told it was a crap idea, I deleted the project. When he gets a crap idea, he attacks the person giving feedback, so there is NO incentive to provide anything but good feedback

          When you’re surrounded by yes men you’ll only increasingly become over confident in yourself

          • Ragnarok314159@sopuli.xyz
            11·
            3 months ago

            No, Elon isn’t an engineer. He doesn’t have an engineering degree from an ABET certified school, no FE or PE license, nor does he understand basic engineering or design principles.

            You can lick his boots and lie all you want, but Elon is a rich bitch trust fund baby who takes credit for the ideas of others and you defend him. It’s honestly sad, coming from a mechanical engineer, that you as someone who works in software development, would call him an engineer.