btaf45@lemmy.world to United States | News & Politics@midwest.social · 4 months ago

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

cross-posted to:
news@lemmy.world

92

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

btaf45@lemmy.world to United States | News & Politics@midwest.social · 4 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.

Chat

PyroNeurosis@lemmy.blahaj.zone
link
fedilink
arrow-up
2·
4 months ago
This, and if he doesn’t keep burning money, What-Was-Once-Twitter’s ebbing audience will ebb faster.

United States | News & Politics@midwest.social

usa@midwest.social

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !usa@midwest.social

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

757 users / day
3.45K users / week
5K users / month
9.71K users / 6 months
1 local subscriber
2.02K subscribers
1.31K Posts
9.06K Comments
Modlog