this post was submitted on 17 Nov 2023
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X Races to Contain Damage After Elon Musk Endorses Antisemitic Post (www.nytimes.com)
submitted 2 years ago by silence7@slrpnk.net to c/technology@lemmy.world
418 comments fedilink hide all child comments
 

IBM, a major advertiser on X, has pulled its spending from the social media platform, whose employees are grappling with what to tell its other advertisers, according to internal messages.

To be clear: Musk endorsed a tweet which used a false antisemitic conspiracy theory to tell people why "Hitler was right"

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[โ€“] localhost443@discuss.tchncs.de 2 points 2 years ago (1 children)

I'd be surprised if he could liquidate more than 40bln today, look at Tesla stocks P/E, its a house of paper cards. Spacex is always reportedly on the edge of bankruptcy. Last evaluation I saw of twitter value from its lenders was around 17bln, subtract its debts, that's about 4bln.

He really has bet the house, it now a question of how long he can keep going on Tesla stock backed loans and if the stock price holds.

[โ€“] linearchaos@lemmy.world 2 points 2 years ago

Forbes still has him at 241B. I wish he'd run out faster to get his ass out of the news.