Elon Musk Has Overseen 84% Decrease In X/Twitter Ad Revenue, Might Have To Sell 'Billions' In Tesla Stock To Save Company
Briefly

"The last publicly available figures prior to Musk's acquisition, from Q2 of 2022, had revenue at $661 million. After you account for inflation, revenue has actually collapsed by 84%, in today's dollars."
"I would be expecting something between $1 and $2 billion in stock [sold by Musk]," said Bradford Ferguson, president and chief investment officer of asset manager Halter Ferguson Financial. This alone could cause the stock to lose between 5% and 10% of its value.
Musk famously telling potential advertisers to 'Go f- themselves' certainly didn't help [X/Twitter's revenue collapse]. The social media app has also seen a rise in hate speech since he purchased the company.
Musk previously stated that X/Twitter could face bankruptcy due to what he calls an advertising 'boycott,' which is actually just companies exercising their rights in the free market."
Read at BroBible
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