this post was submitted on 20 Jun 2024

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Elon Musk Begs Advertisers to Return as Twitter's Revenue Plunges (futurism.com)

submitted 4 months ago by RedditEnjoyer@lemmy.world to c/technology@lemmy.world

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[–] n3m37h@lemmy.dbzer0.com 28 points 4 months ago (1 children)

Elon, yangot a 50 bil payout, just finance your dogshit website.

[–] Voroxpete@sh.itjust.works 24 points 4 months ago* (last edited 4 months ago) (3 children)

The problem is that his payout, like the rest of his fortune, is in exceedingly overvalued Tesla stock. So using that to finance Twitter means selling, and every time he sells the price takes a hard dip because Tesla investors know they're standing on a soap bubble and they are extremely nervous about it bursting. Any sudden uptick in sales pressure is liable to cause a small avalanche of investors abandoning ship.

The process of buying Twitter alone cut his net worth by half because of how much it cratered the Tesla stock price.

[–] barsquid@lemmy.world 16 points 4 months ago

Imagine being the wealthiest person on the planet and deciding to burn half of it to ensure that Nazis have an audience for their hot takes. Elon could have bought entire parks of grass to touch instead.

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[–] UltraGiGaGigantic@lemm.ee 26 points 4 months ago* (last edited 4 months ago) (2 children)

Anyone could be a CEO if this douche nozzle can. And for like 6-7 different corporations to by the way.

What do you say you do here elon?

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[–] art@lemmy.world 25 points 4 months ago

Masterful gambit, Sir.

[–] fluxion@lemmy.world 24 points 4 months ago

"Go fuck yourself."

[–] Beaver@lemmy.ca 24 points 4 months ago (2 children)

He brought it all upon himself

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[–] PsyDoctah9Jah@lemmy.world 23 points 4 months ago (3 children)

Well changing the name to "X" didn't do him any favors

[–] madcaesar@lemmy.world 17 points 4 months ago (1 children)

Twitter is a cute name. X just sounds like some perverted shit. Elon is a moron.

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[–] impure9435@kbin.run 22 points 4 months ago (1 children)

Go eat a dick Elon

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[–] Veneroso@lemmy.world 18 points 4 months ago (1 children)

The Saudi Sovereign Wealth Fund expects returns.

Mr. Bonesaw waits......

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[–] Allonzee@lemmy.world 17 points 4 months ago (1 children)

I, for one, would like to hear Elon beg.

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[–] magnetosphere@fedia.io 17 points 4 months ago (3 children)

"I do shoot myself in the foot from time to time, but at least you know it is genuine, not from the PR department," he admitted.

A basic statement of human fallibility is an absolute revelation to this guy. I can’t WAIT for him to just shut up and go away.

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[–] sp3tr4l@lemmy.zip 16 points 4 months ago (2 children)

I so very hope this idiot asshole winds up either jailed and/or has his wealth severely diminished and most of his businesses fail from being unable to repay loans / convicted of fraud.

He's the closest person on earth to becoming Horatio from the Endless series, yet he's also basically a badly written Bond villain.

What a pos.

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