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It's not going to stumble into a new sale or bankruptcy anytime soon (next several years). He'll slash the costs dramatically to adjust for the loss of revenue
by adventured 4y ago
It's not going to stumble into a new sale or bankruptcy anytime soon (next several years).
He'll slash the costs dramatically to adjust for the loss of revenue. He just sold another $4 billion in Tesla stock the other day to most likely cover the expected losses over the next few years. Slash deep enough and you can easily run Twitter on a few hundred million dollar loss per year. He probably thinks he can get it to break-even following this approach over the next few years and go from there.
Facebook was profitable at under $1b in sales with a larger userbase size 12 years ago. Why can't Twitter get there today? Twitter was unprofitable with $5.2b in sales, it was an exceptionally bloated corporation.