Look what the AI told me when I asked when X will go bankrupt.

[Baitball Blogger]

I'm guessing the answer was based on pre-election information.

According to current reports, X (formerly Twitter) could potentially face bankruptcy in the near future, with many experts speculating that it could happen sometime in 2024 due to a significant decline in advertising revenue following Elon Musk's takeover and subsequent controversies, which led to many large advertisers leaving the platform; however, the exact timing is uncertain and depends on whether Musk can successfully implement new revenue streams to offset the losses


Key points about X's potential bankruptcy:

Ad revenue decline:
The primary concern is the drastic drop in advertising revenue, which is the main source of income for X.

Elon Musk's actions:
Many attribute the decline in advertising to controversial changes and policies implemented by Elon Musk since acquiring the platform.

High debt burden:
Musk took on significant debt to purchase Twitter, which adds pressure to the company's finances.

No clear path to profitability:
While Musk has plans to diversify revenue streams with features like subscriptions and payments, it's unclear if these will be enough to offset the lost advertising revenue.

[Callie1979]

1. AI onbivouly doesnt understand Musk can keep it open himself regardless of income.

He's got 100s of BILLIONS of dollars. It all depends on wether or not HE feels like doing it.

[Baitball Blogger]

2. Agreed.

But, wouldn't that be a sign of poor business acumen if he sends good money after bad money? Certainly would hurt his references for the DOGE position

[usonian]

3. Where do you think all that money saved by taking the wrecking ball to government would go?

Contracts to his businesses. He's not part of government, right?
He just owns it.

[Baitball Blogger]

5. But, X would not be self-sustaining, would it?

Still a blow to his ego, because there's no way to revive its popularity, once it becomes a symbol of everything that is wrong with this country.

[usonian]

6. A narcissist has no ego problem. It's always someone else's fault.

It could be made mandatory?
I don't want to think of all the sneaky ways to funnel tax money to Musk.
I am sure they'll try them all.
USPS Teslas (with backup ICE engines)?
Stack Teslas at the border instead of building a wall? That'd be a good use of money "wasted" on Civil Servants.
Replace NASA?

Got to stop now.

[Redleg]

7. Classic escalation of commitment to a failing course of action

But Musk likes the megaphone Twitter gives him so he will endure.

[Johonny]

4. Musk can afford to lose money on it

The rest of his life.