A new report sheds light on how advertising is going at Elon Musk's X — and the numbers aren't good
A new report sheds light on how advertising is going at Elon Musk's X — and the numbers aren't good
You say that like the Saudi’s aren’t cool with taking Twitter down. It was the cause of a lot of strife and issues during the “Arab Spring” years.
I suspect they’re overjoyed it’s tanking.
I don’t think they care, as long as it becomes a shadow of what it was.
And if it succeeded and made them money? Who are they to complain?
It’s a win win in their books.
I don’t Musk even knows he’s being played as the fool.
He leveraged his Tesla stock as collateral to buy Twitter. His antics haven’t just harmed Twitter but also Tesla. As the value of that stock drops the banks can force him to provide additional collateral or call in the loans. He would have to put up more stock or sell. Selling could create a spiral where the price continues to drop.
As Jeremy Clarkson once said, “Oh no, anyway.”
He isn’t overly leveraged on twitter, and it might actually be 0 leverage. He was leveraged and then he sold a shit load of stock so he wouldn’t be.
The only part I’m unclear on is who’s responsible for the 1 billion loan twitter has, twitter, or him.
But 1 billion isn’t of any concern to him, its too small an amount.
He doesn’t have enough money. That’s the problem. He took investments from the Saudis and others to pay for Twitter. He puts on a good show, but he’s not spending any more of his money on this fiasco.
He doesn’t have money.
Here’s a good comparison I’ve found: let’s say you have a company and issue one million shares. You sell just a single one for $1. Now “technically” you own $999,999 worth of shares, even though you actually have one dollar.
His Tesla and SpaceX shares are worth a lot, but they’re not cash. If he started selling huge amounts, then the value would drop rapidly.