Originally posted by: MaxFlavor
This seems to be the way Musk likes to run things, X(twitter)'s value has dropped 75% since he bought it and he created a platform unappealing to advertisers causing a massive drop in revenue.
January 26, 2025:
"Musk told X employees in an email that the company is in “a very dire situation from a revenue standpoint”. The billionaire went on to add, “Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even,” Musk said in the mail, The Wall Street Journal reported."
January 10, 2024:
"The value of social media platform X has plunged by over 75 per cent compared to when billionaire owner Elon Musk bought it two years ago. The information comes from a disclosure report for Fidelity’s Blue Chip Growth Fund. As of July, the fund had an equity stake in X worth $5.5 million "
We'll see how it plays out for the Trump Administration.
Similarly...but Trump will disassociate himself from the result more easily than Elon can. Trump will just do what he's always done when his idiot policies fail: blame the Democrats.
I'm hoping that the American public will paste at least as much blame on the Turd for the coming recession and inflation (justly) as they did on Biden for inflation (unjustly). As the only way I can even fathom Trump's 2024 win is if Americans vote with their rice bowls and nothing else (not a candidate's morality, decency, or character), I hope that the Second Great Depression (coming soon to a country near you!) will make them flush the Turd once and for all.