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Elon Musk is having a bad year

Elon Musk is having a bad year

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https://www.nytimes.com/2023/03/26/technology/elon-musk-twitter-value.html

Elon Musk Values Twitter at $20 Billion

Elon Musk said Twitter is now worth about $20 billion, according to an email he sent the company’s employees on Friday, a significant drop from the $44 billion that he paid to buy the social network in October.

The email, which was viewed by The New York Times, was sent to employees to announce a new stock compensation program. In it, Mr. Musk warned workers that Twitter remained in a precarious financial position and, at one point, had been four months away from running out of money.


But wait, there's more:

https://arstechnica.com/tech-policy/2023/07/musk-tesla-board-to-return-735m-after-being-sued-for-overpaying-themselves/

Musk, Tesla board to return $735M after being sued for overpaying themselves

Elon Musk, Larry Ellison, and other current and former Tesla board members agreed to return over $735 million to settle a shareholder lawsuit that alleged Tesla directors "grossly" overpaid themselves.

The Tesla directors, who also include Musk's brother Kimbal Musk, further agreed to forego stock options and other compensation for board service in 2021, 2022, and 2023.

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And now, the cherry on top:



https://www.axios.com/2023/07/15/elon-musk-twitter-wachtell-lipton-rosen-katz

Elon Musk is suing the former lawyers of Twitter, alleging they overcharged Twitter $90 million dollars to force Musk into buying the company.

That's right: Elon is stuck with a $90 million bill owed by Twitter to lawyers used against him...for backing out of buying Twitter.

I'm thoroughly enjoying this.

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In addition to it all, Musk has to pay $1.5 Billion per year in *just* interest:

https://observer.com/2023/01/twitter-debt-interest-elon-musk-tesla-stock/

I can't think of anyone who bleeds money like this in one year.


@vivify said
In addition to it all, Musk has to pay $1.5 Billion per year in *just* interest:

https://observer.com/2023/01/twitter-debt-interest-elon-musk-tesla-stock/

I can't think of anyone who bleeds money like this in one year.
you are a sadistic POS


Awe, is this upsetting you Mott?

I love it even more now.

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@mott-the-hoople said
you are a sadistic POS
Musk is too rich to cry, he has minions like you do it for him.

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https://www.bbc.com/news/business-66217641

Twitter loses nearly half advertising revenue since Elon Musk takeover

Twitter is struggling under a heavy debt load. Cash flow remains negative, Mr Musk said at the weekend