Twitter is Going Bankrupt!

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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.”

On December 10th Elon Musk reinstated the twitter account of the controversial podcaster Alex Jones reversing his statement from a year earlier to keep Jones off the social network.

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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