"Musk's $44 billion acquisition of Twitter is starting to look like a costly endeavor that just won't go away, with financial woes deepening and ad revenues plummeting..."
"X's advertising revenue crashed 84% in Q2 2024 compared to the previous year, indicating a severe dip in its primary income source as major brands continue their boycott."
"Musk warned of potential bankruptcy last November if the ad situation didn't improve, reflecting a dramatic shift for an executive known for bold financial forecasts."
"Bradford Ferguson estimates Musk could sell between $1 to $2 billion in Tesla stock, potentially knocking 5-10% off its share price as the market absorbs more supply."
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