New owner Elon Musk is blowing up Twitter in record time by driving away revenue, gutting headcount to levels unable to sustain the platform, and putting the company into accelerating legal jeopardy.
Boomeranged on Wed, 25 Oct 2023 03:47
I warned last year Elon Musk would siphon cash & resources from his other companies, especially Tesla, to fund his failing Twitter operation—likely without investors' knowledge.
Sure enough, as CNBC reports today:
"Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover"
https://cnb.cx/3FydwGK
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.