Jase
on December 12, 2023
32 views
Things aren't looking great for Musk at X. The investors that are suing him for billions were able to advance their case in Court this week with a judge ruling in their favor calling Musk misleading and deceitful during his acquisition of the company.
The 2,000 + employees laid off after Musk gutting the company are going to reach a massive settlement in 2024.
Other lawsuits and evictions for unpaid rents by Twitter since Musk's takeover are still being litigated.
Ad revenues are down 54% which comprise 90% of X's revenues with that surely to drop further in the final 2023 quarter reporting.
Many financial models have Twitter worth $4B after the buyout of $44B by Musk just over a year ago.
What do you think is REALLY going on?
https://www.hollywoodreporter.com/business/business-news/elon-musk-twitter-takeover-lawsuit-investors-claims-1235741291/
https://www.latimes.com/business/story/2023-09-14/elon-musks-x-corp-agrees-to-try-to-settle-lawsuits-over-twitter-mass-layoffs
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Marissa
Satan been busy attacking Truth Tellers. Satan DOES NOT WIN in the end. Meanwhile, all christians need to armor up, Full Stop! Pray without ceasing.
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December 12, 2023
Nick Popescu
Nick Popescu replied - 7 replies
Speedy Gonzalez
The worthless parasites are revolting. Engineered systematic attack to destroy musk for doing what he needed to be done to turn a failing company around.
December 12, 2023
Randy Eschenburg
At the moment, musk is pissing off billionaires more dangerous than he is.
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December 12, 2023