▲ 60 ▼ 'Heavy debt': Elon Musk says Twitter cash flow negative after ad revenue declines (www.cnbc.com) submitted 3 years ago* by kuontom@kbin.social to c/tech@kbin.social 49 comments fedilink hide all child comments Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with "heavy debt."
[–] Hypx@kbin.social 7 points 3 years ago (2 children) @Catch42 @kuontom @const_void No one really knows if Tesla makes money. It's been long noticed that Musk is extremely dishonest and could easily be faking all of the numbers. permalink fedilink source parent hideshow 4 child comments replies: [–] FaceDeer@kbin.social 5 points 3 years ago (1 child) It's a public company, there are legal requirements for reporting its cash flows to its shareholders. If they're being fudged to that degree then that's massive fraud and Musk would be in very serious legal trouble. permalink fedilink source parent hideshow 2 child comments replies: [–] Hypx@kbin.social 2 points 3 years ago* (last edited 3 years ago) @FaceDeer @kuontom @const_void @Catch42 We live in the age of fraud. It's easy to fake those numbers. Hell, the regulations will even help you defraud investors. In fact, you should google Wirecard as an example of this, and realize it could totally happen again. Also, look at how rich Musk already is and realize he has already gotten away with it. Legal trouble just means he may retire in slightly less comfort than he would've anyways. permalink fedilink source parent [–] SaltySalamander@kbin.social 4 points 3 years ago Don't understand how public companies work, do ya? permalink fedilink source parent
[–] FaceDeer@kbin.social 5 points 3 years ago (1 child) It's a public company, there are legal requirements for reporting its cash flows to its shareholders. If they're being fudged to that degree then that's massive fraud and Musk would be in very serious legal trouble. permalink fedilink source parent hideshow 2 child comments replies: [–] Hypx@kbin.social 2 points 3 years ago* (last edited 3 years ago) @FaceDeer @kuontom @const_void @Catch42 We live in the age of fraud. It's easy to fake those numbers. Hell, the regulations will even help you defraud investors. In fact, you should google Wirecard as an example of this, and realize it could totally happen again. Also, look at how rich Musk already is and realize he has already gotten away with it. Legal trouble just means he may retire in slightly less comfort than he would've anyways. permalink fedilink source parent
[–] Hypx@kbin.social 2 points 3 years ago* (last edited 3 years ago) @FaceDeer @kuontom @const_void @Catch42 We live in the age of fraud. It's easy to fake those numbers. Hell, the regulations will even help you defraud investors. In fact, you should google Wirecard as an example of this, and realize it could totally happen again. Also, look at how rich Musk already is and realize he has already gotten away with it. Legal trouble just means he may retire in slightly less comfort than he would've anyways. permalink fedilink source parent
[–] SaltySalamander@kbin.social 4 points 3 years ago Don't understand how public companies work, do ya? permalink fedilink source parent