4 ms·
> who appears to have made the problem 100x worse. Where is that reflected in the quarterly earnings report?
by wtf_is_up 4y ago
> who appears to have made the problem 100x worse.
Where is that reflected in the quarterly earnings report?
- deleted 4y ago[deleted]
- marketneutral 4y agoMusk took Twitter private, and private companies are not required to report financials.
- d23 4y ago100x was rhetorical. It's not a public company anymore, so we can't know. But if the headlines reporting a 40% drop in revenue are true, that would bring the net loss from 200M a year to 2.2B a year, which would be 10x worse (though I don't even know if you were being that specific in your critique), but that also doesn't take into account whatever he saved from chopping headcount.
- camjohnson26 4y agoThey don’t have a quarterly earnings report because they’re a private company now, and their revenue has dropped by 40% according to an email sent from a manager. Ironically, we can only really know their cash position pre acquisition, and the only source for their being a “cash incinerator” is Elon’s word, which to any reasonable person is worth exactly zero at this point. I only need one example but I have dozens. The only one that matters is he banned journalists from the platform after promising to make it a haven of free speech. It’s objectively one of the more hypocritical things a public figure has done in recent years.