btaf45@lemmy.world to United States | News & Politics@midwest.social · 3 months ago

Elon Musk may have to sell billions in Tesla stock to rescue X

cross-posted to:
news@lemmy.world

101

Elon Musk may have to sell billions in Tesla stock to rescue X

btaf45@lemmy.world to United States | News & Politics@midwest.social · 3 months ago

cross-posted to:
news@lemmy.world

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.

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  This, and if he doesn’t keep burning money, What-Was-Once-Twitter’s ebbing audience will ebb faster.

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