Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

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[–] 23 points 2 years ago (1 child)

Maybe the Saudis and Qataris will chip in some more cash to help him out.

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  • [–] 2 points 2 years ago (2 children)

    Is there any basis to that conspiracy theory besides some grudge about the arab spring against twitter and its agitators?

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  • [–] 4 points 2 years ago

    What conspiracy theory? The Saudis and Qataris have stakes in Twitter.

    Qatar Holding, a sovereign wealth fund, is contributing $375m, while Saudi Arabian investor Prince Alwaleed bin Talal, who had initially opposed the buyout, also confirmed he would retain his $1.9bn stake in Twitter, writing that Mr Musk would be an "excellent leader" for the site.

    https://www.bbc.com/news/business-61337622

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