this post was submitted on 03 Dec 2023
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351
Could X go bankrupt under Elon Musk? (www.bbc.com)
submitted 11 months ago by misk@sopuli.xyz to c/technology@lemmy.world
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[–] dinckelman@lemmy.world 10 points 11 months ago (1 children)

It’s not a question of IF it will. It will. Both financially, and morally

[–] averyfalken@lemmy.blahaj.zone 5 points 11 months ago (1 children)

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

[–] squiblet@kbin.social 1 points 11 months 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.