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.

you are viewing a single comment's thread
view the rest of the comments
[–] 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

  • source
  • parent