It's also possible that losing every dime he spent on Twitter won't even knock him out of the top 5 wealthiest people on earth, thanks to overvalued SpaceX and Tesla stocks.
to be fair twitter has to be profitable in the first place (which I think it only has been for like a single year prior to musk's acquisition) to tank their profits. They posted something like $200 mil in losses back in 2021 iirc; and of course, Musk has tanked their ad revenue since then
From 2019-2022, Twitter made about $3 billion a year, and had a cost of revenue of $1 billion. The main way they burned the extra $2 billion was on R&D and sales. A boring accountant-type could easily have made the company profitable over 2-3 years.
Why the fuck is musk doing all this shit that tanks twitter profit? Does he forgot he literally borrowed saudis money to buy twitter?
It's quite possible that he's a hack and doesn't know what he's doing
It's also possible that losing every dime he spent on Twitter won't even knock him out of the top 5 wealthiest people on earth, thanks to overvalued SpaceX and Tesla stocks.
to be fair twitter has to be profitable in the first place (which I think it only has been for like a single year prior to musk's acquisition) to tank their profits. They posted something like $200 mil in losses back in 2021 iirc; and of course, Musk has tanked their ad revenue since then
From 2019-2022, Twitter made about $3 billion a year, and had a cost of revenue of $1 billion. The main way they burned the extra $2 billion was on R&D and sales. A boring accountant-type could easily have made the company profitable over 2-3 years.
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It won't matter. He'll still be wealthier than ever thanks to inflated Tesla and SpaceX stock.
The Saudis will bitch about it, but he never actually has to show up and grovel if he doesn't want to.
It sucks, but Musk is going to kill Twitter and walk away without any consequences.
Agent M has completed the transfer of Amerikkka into Saudi hands