"The company’s dire finances—it made a loss of $221 million in 2021 before the acquisition and Musk has said revenues have declined since—have led the new owner to regularly raise the prospect that the company could crash into bankruptcy."
an advertiser bailout that didn't provide results from advertising could have covered some shady accounting that omitted responsibly accounting for increasing debt in financial years 2018 and 2019 if that debt was then partially reported for 2020 when advertising online should really have been very successful compared to other marketing opportunities.
what makes the authors of this article think twitter is worth anything? especially after musk loaded debt onto the now private company as part of its purchase a valuation of 15 billion would be a lot for any company that couldn't generate revenue beyond expenses even without considering interest owed on corporate debts.
"equity analyst Dan Ives at Wedbush Securities"
maybe dan's technically unobservant, maybe.
really | 0:21.7 - 1:21.6
