this post was submitted on 23 Oct 2023
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Most of the world's biggest advertisers have stopped buying ads on Elon Musk's X, exclusive new data shows (www.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Most of the world's biggest advertisers have stopped buying ads on Elon Musk's X, exclusive new data shows::Musk and X CEO Linda Yaccarino have recently stated that most of the company's top-spending advertisers from last year have returned.

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[–] stifle867@programming.dev 1 points 1 year ago

Because divesting in order to meet debt obligations means that with that money you have to immediately use it to pay debts that you owe to others, therefore you no longer have the money nor the assets. Is it really that hard to understand? If a bank foreclosures on your house it means that your property is sold and the money from the sale goes to the bank to pay off the loan.