livingston
20×102mm Vulcan
Musk Confirms Current Status of Ad Twitter Revenue
The issues around the Twitter platform (X Corp) are important for several reasons, including the anticipated tech moves around the 2024 election.Many people are holding up Elon Musk as a tech figurehead who might just be able to push back against the tide of totalitarianism. However, a more realistic look at Musk shows he is participating in the control space just as much as any other platform. Additionally, Musk has threat and influence vectors just like any other person or social media company. The most obvious influence vector is the cost of operating his X platform.
Earlier today Musk outlined the current status of Twitter revenue generation. The baseline here is the prior peak of revenue for the company, which was around $3.8 billion, prior to Musk acquisition. Musk shares today that revenue is down 60% from that point.
https://theconservativetreehouse.com/wp-content/uploads/2023/09/Elon-Musk-Revenue-.jpg
That would put current revenue around $1.52 billion/yr.
With the latest revelations we shared about the financial position of Twitter {Go Deep on FINANCIALS}, all of the moves now underway make sense. Musk was on track to hit a date in/around October of this year where Twitter would be insolvent. If you had read those previous “Go Deep” links, you will easily see the problem. Musk needs another infusion of cash, and he is limited on his Tesla stock as an option.
https://theconservativetreehouse.com/blog/2023/09/04/musk-confirms-current-status-of-ad-twitter-revenue/