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That is an odd conclusion from a tweet that shows revenue is down 50% since Musk took over. Maybe they didn't read the 2nd paragraph? Or maybe they think that t
by codingdave 2y ago
That is an odd conclusion from a tweet that shows revenue is down 50% since Musk took over. Maybe they didn't read the 2nd paragraph? Or maybe they think that the admittedly improved profit margin is sustainable even if revenue crashes?
- melodyogonna 2y agoBut according to the quoted tweet, EBITDA has doubled nonetheless
- rsynnott 2y agoThis is coming from someone who _literally went to prison for securities fraud_. Like, I'm not sure why you'd expect his opinions on valuations to... be good.
- tim333 2y agoHigh profit margins are good. Also ad sales will presumably go up now Trump & Musk are in power.