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No you're not
Twitter broke barely even
You paid twice it's worth and then within 2 years got it to only 20% of its value, pushing away all power users and advertisers.
You're bleeding money like there is no tomorrow and you'll still be bankrupt or jailed soon enough. If not during Trump's presidency, then most certainly after it
And then right after he sues the people for not advertising
Bullshit. No way does Twitter make anywhere near a profit, and that’s NOT taking into account the payments on 44Bn.
The advertisers are coming back, I swear!
Please come back, But do go fuck yourselves!
After Twitter already not being profitable. Add all the loss of marketing from businesses and users leaving, then the cost of all the bots and lawsuits.
How come it is "barely breaking even"? Who is paying them? Fascists?
He's laundering money through it most likely
All the blue checkmarks probably helps, and the premium crap too
At this point if you're still working there knowingly building a powerful fascist gathering platform after so much time available to leave, taking dirty Nazi money as payment for your services...
I dunno man... should I feel bad for the staff, or are the remaining staff complicit enough at this point?
Feel bad for the poor bastards stuck there on visas. Feel less bad about anyone looking around that can't quit but can't find another job. Would you hire someone who's still working at Twitter? I probably wouldn't even pull that resume for an interview.
That's a point I had not considered. Twitter is resume poison, at this point.
Or maybe take a paycheck and do substandard job introduce bugs etc.
Heck, I'll even do that for a company I like!
Do they have employees on H1B? If so, that may be why they haven't jumped ship for less-Nazified pastures. Not excusing anyone, just striving to understand.
If only they had competant management...
Aw geez, what a shame. As if Neo-Goebbels is going to shut his propaganda arm over something as trivial as money.
Hey guys, I'm starting to think that this guy's fortune has absolutely nothing to do with his skills at running a business
You forgot the part where couchefucker Vance threatened Europe to pull out of NATO if Europe wouldn't stop suing and leaving twatter
That paragraph above would normally be so bizarre that it wouldn't even make it to TV for being too... Out there... But this is the timeline we're in now, this is the new normal
Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about
I'm beginning to suspect he only likes that letter because it's the middle part of a swastika.
Hey, it's not just that! It's also decimal 88 in the ASCII table.
🫣I see!
Elon uses X as ASCII 88 and Proton CEO uses 1011000 as binary ASCII
What about all these Nazi people everywhere suddenly?!
Hey guys, I'm starting to think that this guy's fortune has absolutely nothing to do with his skills at running a business
Great summary btw. and you are absolutely right here. He is a terrible manager.
Remember the time when he slept at the Tesla factory just because he didn't trust anybody and thought he himself must rescue it all by working so much overtime and make all the decisions.
He is a terrible manager.
I still can't get over how Musk told computer programmers to print out hardcopies of all their source changes, and then fly to Musk's city to show him the hardcopy. That alone proves Musk is the dumbest CEO of all time.
Probably because his wife kicked him out for being an asshole.
Turns out, nazi business is bad business
Hopefully as bad as nazi archaeology
Hey now at least this guy had a neat collapsing coat hanger.
I just gave upvote 88 and now I’m sad.
Thank you for your service 🫡
hm, someone told me it was so easy to cut wasteful spending.
Go fash; lose cash.
I would be shocked if the company was actually breaking even.
I think he's sugar-coating it because their bonds are about to go up for sale. From the article:
While equity investors have reportedly slashed the value of their stakes by as much as 78 percent, the Journal reports, “banks hope to sell senior debt at 90-95 cents on the dollar, while retaining more-junior holdings.”
If they were breaking even, the bonds wouldn't be getting sold at a loss. Keep in mind, the bond holders get paid before the stock holding investors, so if they're taking a loss, the equity investors are getting nothing (hence the 78 percent cut, basically their share is only worth the odds of a miraculous turnaround). That doesn't happen with a company unless it's losing money.
At absolute best it's breaking even before debt service.
Maybe he's still not just paying rent on some buildings and miraculously hasn't been kicked out yet
X has added some features, like job listings
Who the fuck looks for jobs on X?
Nazis probably
There's no fucking way they're breaking even.
@breakfastmtn @cm0002 it already bought an election, how much it is worth?
The man bought an election with disinformation and lobbying, who gives a fuck what he says about this company. Who knows what the fuck break even even means in his addled brain.
Stick that seig arm out and well break more,k?
Musk also said that the company could become cash-flow positive “within months” nearly two years ago, and it still faces over $1 billion in annual interest payments on the loans.
3 months maybe, 6 months definitely
