Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative
Elon Musk says Twitter’s ad revenue is down 50% and cash flow is negative
“forced to overpay” is a weird, kinda Muskist-flavoured way of putting it. He just overpaid. He decided on a price, made a bid, reached agreement and concluded the deal, all entirely freely and of his own accord.
That he then wasn’t able to bullshit his way out of the contract shouldn’t be more than a footnote, it’s just normal process with court involvement only because he thinks he’s special.
Ego, narcism, over confidence, his entourage of Dick riding sycophants… The list goes on. Basically they called his bluff Elon walked right into it.
It’ll be years, if not decades before Elon truly appreciates that he fucked this up.