Plunging U.S. revenue at X risks opening up a "massive hole" on its balance sheet that Musk needs to plug to stave off its financial collapse.

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.

  • cheesepotatoes@lemmy.world
    1·
    28 days ago

    Arguably, it’s used as national communications infrastructure so, yeah, I would want taxes to be used for developing and maintaining it. Same as any other national infrastructure.

    • Llewellyn
      1·
      27 days ago

      First things first: let your taxes fix the healthcare system.
      Mediocre and out of fashion Xitter doesn’t really seem to be an important part of national wellbeing.

      • cheesepotatoes@lemmy.world
        1·
        27 days ago

        I agree about healthcare, of course. You may not like Twitter, I’m not a big fan personally, but you can’t deny that it is used by many organizations as public communications. Hell, my local PD posts critical alerts via Twitter. Local metro, local post office, local news, local universities, colleges, etc… I would rather it be managed by the government rather than a ketamine fueled despot.