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The company was already bleeding money. He might fail to save it, but can he really kill a company that was already dying?
by maximus-decimus 4y ago
The company was already bleeding money. He might fail to save it, but can he really kill a company that was already dying?
- beebmam 4y agoYes, yes he can.
- mmiyer 4y agoTwitter had many profitable quarters before Musk bought it, and lots of cash on hand with a lot of runway. It was not dying in any meaningful sense. His changes have only destroyed profitability by substantially reducing advertising revenue.
- anonymousab 4y agoThe company had some profitable years pre-covid, and Elon's first action was to nearly double their debt _and_ slash their income. He may have done far worse things as well but that depends on your opinion of his product/feature changes. But the additional debt he has saddled them with and the revenue he deprived Twitter of aren't really arguable, and his attempts to cut costs by short term slash and burns don't make anywhere near the dent needed to offset them.
- dehrmann 4y agoAt worst, it was treading water.
- LightDub 4y agoHuh. New perspective. I don't like Musk but is this a mercy killing?