11-12-2022, 09:53 PM
(11-12-2022, 09:29 PM)tomh009 Wrote:(11-11-2022, 04:33 PM)danbrotherston Wrote: "Unless he bankrupts the company"...he told the (remaining) employees in a meeting yesterday that he didn't know that the burn rate of the company was and that bankruptcy was possible. Then he went on twitter and mocked some more advertisers...so I'd say bankruptcy is a real possibility. Also, I don't know anyone who has called Elon a Nazi, but he absolutely did advocate for voting for fascists in the US election a few days ago.
OK, so I looked. Twitter is currently burning maybe $500M of cash per year -- but they have $6B in cash and short-term investments, so they are not going to run out of money anytime soon.
It's not the first time that Musk doesn't know what he's talking about.
Don’t forget the $1G/a that I understand Twitter owes in interest payments.