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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[–] 15 points 2 years ago (1 child)

A lot of shareholders have drunk the Elon kool-aid tho, look at the recent shareholder vote about Elon's ridiculous pay package.

There's a lot of true believers that treat it like a meme stock and don't look at the fundamentals.

It's going to go down eventually, but it might take longer than you'd expect based on the numbers.

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