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Elon Musk’s X can’t send Blue subscribers their ad revenue-sharing payouts on time (www.theverge.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 18 points 1 year ago (1 children)

What's funnier is it was already dying. It hasn't made any actual positive revenue since 2019 and then Musk dumped another $44B in debt on top of it. It really never had a chance and I think his original bid was either a troll he never intended to follow through with, or he was banking on leveraging all the blockchain and NFT stuff that recently also shit the bed. Either way, he's fucked himself out of at least a small chunk of his fortune. Well, at least until the rest of the market catches Tesla and their hyper inflated market cap finally also goes sideways.

[–] [email protected] 4 points 1 year ago

Musk dumped another $44B in debt on top of it.

He bought it for $44B, he didn't put $44B in debt on it.