Date: 2024-05-18 Page is: DBtxt003.php txt00026036
COMPANIES
TWITTER / X
FONT SIZE = 5 color = black font face = 'Arial'> Patrick Boyle: Twitter is Going Bankrupt!
TWITTER / X
FONT SIZE = 5 color = black font face = 'Arial'> Patrick Boyle: Twitter is Going Bankrupt!
Original article: https://www.youtube.com/watch?v=B1_aOQ3RbHg
Peter Burgess COMMENTARY
Peter Burgess
Patrick Boyle
Premiered Dec 2, 2023
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Patrick Boyle - On Finance
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Elon Musk told advertisers who have halted spending on X due to his endorsement of an antisemitic post to “go f**k” themselves, in an unhinged interview with Andrew Ross Sorkin (who Elon calls Jonathan). Musk said that a recent exodus of big brands was “going to kill the company, and the whole world will know the advertisers killed the company”.
Musk, who bought Twitter (which he has renamed X) for $46.5 billion dollars (including transaction costs) in October 2022, dismissed the idea that he wanted advertisers to return. “If somebody is going to try to blackmail with advertising, blackmail me with money, go f**k yourself,” he said. “Go. F**k. Yourself. Is that clear, I hope it is.”
Twitter makes almost all of its revenue from advertising and is saddled with $13 billion dollars of debt. Is Twitter about to go bankrupt?
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Transcript