1/ We won. Elon is going to step down.
Worth thinking through the next big lie Elon is going to tell. That Twitter was going to go bankrupt before he bought it. This is another lie.
Let’s look at the numbers. My sourcing is @WSJ.
Worth thinking through the next big lie Elon is going to tell. That Twitter was going to go bankrupt before he bought it. This is another lie.
Let’s look at the numbers. My sourcing is @WSJ.
https://twitter.com/elonmusk/status/1604617643973124097
2/ It’s true Twitter has only been profitable two of the last 10 years.
But it’s also factual Twitter has been moving in the right direction for a long time. Revenue has been fantastic, $4.41 billion from advertising last year!
wsj.com/amp/articles/h…
But it’s also factual Twitter has been moving in the right direction for a long time. Revenue has been fantastic, $4.41 billion from advertising last year!
wsj.com/amp/articles/h…
3/ Twitter had $2 billion in cash. Cash! And they were moving in the right direction as far as profitability.
Losses in 2020: $1.14 billion
Losses in 2021: Just $221 million
They would have weathered this year just fine.
Losses in 2020: $1.14 billion
Losses in 2021: Just $221 million
They would have weathered this year just fine.
4/ Under Musk and his deranged antics, we’ve seen a loss of 90% of Twitter’s advertising revenue.
If you think you’ve sent bad tweets before, ask yourself if you’ve ever sent tweets so bad, they cost you $4,050,000,000.
If you think you’ve sent bad tweets before, ask yourself if you’ve ever sent tweets so bad, they cost you $4,050,000,000.
5/ Most media companies are losing money next year.
The real question is if Twitter could’ve survived if it had not settled itself with tens of billions of dollars of debt, a crazy leader, making advertising radioactive, and stupid moves that alienated the core user base.
The real question is if Twitter could’ve survived if it had not settled itself with tens of billions of dollars of debt, a crazy leader, making advertising radioactive, and stupid moves that alienated the core user base.
6/ Musk has a shopworn playbook for how he handles embarrassment.
He lies, he blames the media, and he makes himself a victim.
Don’t let him do it here. Twitter would’ve been just fine without him. If it goes bankrupt it’s 100% on him.
He lies, he blames the media, and he makes himself a victim.
Don’t let him do it here. Twitter would’ve been just fine without him. If it goes bankrupt it’s 100% on him.
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