Let's review. Musk went on a bender and offered to buy Twitter at a price based on a weed meme. Then he agreed to a binding agreement to purchase it. Apparently he didn't fully grasp how binding it was. Then he tried to get out of the deal. Twitter sued to force him to ... purchase the company. He was losing in court and decided to give up. He was forced to buy the company. Today he's firing half the company's employees. Advertisers are leaving in droves after one week. He's spent the last three days posting passive aggressive ...tweets about his new subscription program that if successful would raise maybe 5% of current revenue? Also, he's loaded the company with a billion dollars of annual debt service. Musk needs to sign up 10 million subscribers to Twitter Blue just cover the debt service fees.
This morning, one week in, Musk is reduced to this.
@elonmusk says:
- Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.
- Extremely messed up! They’re trying to destroy free speech in America.