{"id":1196741,"date":"2023-10-26T13:03:51","date_gmt":"2023-10-26T17:03:51","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1196741"},"modified":"2023-10-26T13:03:51","modified_gmt":"2023-10-26T17:03:51","slug":"elon-musks-chaotic-first-year-at-twitter-leaves-x-corp-with-shaky-finances","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1196741","title":{"rendered":"Elon Musk\u2019s chaotic first year at Twitter leaves X Corp. with shaky finances"},"content":{"rendered":"
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\n \"Elon<\/p>\n

Enlarge<\/a> (credit: Aurich Lawson | Getty Images)<\/p>\n<\/figure>\n

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One year after Elon Musk’s $44 billion purchase of Twitter, which he completed on October 27, 2022<\/a>, after months of legal drama, the social media firm that Musk renamed “X” is on shaky financial ground.<\/p>\n

Musk has expressed ambitions to transform X into an “everything app<\/a>” that includes a digital payments platform and audio and video calling. He told employees<\/a> that, despite massive cuts eliminating most of Twitter’s pre-Musk workforce, he sees “a clear but difficult path” to a future valuation of more than $250 billion.<\/p>\n

X doesn’t provide detailed financial statements or user numbers because Musk took the company private when he bought Twitter. But data leaked to news media and third-party research depicts a platform in decline, which might not be exactly what Musk meant when he called the firm “an inverse startup<\/a>.”<\/p>\n<\/div>\n

Read 36 remaining paragraphs<\/a> | Comments<\/a><\/p>\n


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\nSource: Ars Technica – Elon Musk\u2019s chaotic first year at Twitter leaves X Corp. with shaky finances<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Enlarge (credit: Aurich Lawson | Getty Images) One year after Elon Musk’s $44 billion purchase of Twitter, which he completed on October 27, 2022, after months of legal drama, the social media firm that Musk renamed “X” is on shaky … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1196742,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1196741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1196741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1196741"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1196741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1196742"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1196741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1196741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1196741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}