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Could X go bankrupt under Elon Musk? (www.bbc.com)

submitted 2 years ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] averyfalken@lemmy.blahaj.zone 5 points 2 years ago (1 child)

I mean it was kinda destined to go bankrupt even under rge old owners. It only really ever produced a profit for like six months and was surviving of investor money

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[–] squiblet@kbin.social 1 point 2 years ago

It was losing money but not a huge amount. They could have made reasonable cuts (compared to how Elron slashed 75% of staff) and been profitable, probably.

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