Media predict bankruptcy of Elon Musk's company X in 2024

Kyiv • UNN

Jan 1 2024, 02:15 PM • 90574 views

The Financial Times predicts that Elon Musk's social network will face a high risk of bankruptcy in 2024 due to a sharp drop in advertising and revenue problems.

Elon Musk's social network X (formerly Twitter) is predicted to go bankrupt this year. The Financial Times writes about this in its forecasts for 2024, UNN reports.

Will Company X go bankrupt? Yes. Elon Musk often uses bankruptcy warnings to motivate his employees: he did it at Tesla and SpaceX. But this time, when advertising in X has plummeted and attempts to create new sources of revenue have failed, there is a high probability that this will happen
- the forecast says.

The authors of the article also write that after recent emotional statements against advertisers, Musk may be reckless enough to think that he can lead the company through bankruptcy and still stay on top.

Musk's fight for control of X in bankruptcy would be a fascinating continuation of the full drama of the Twitter acquisition process
- writes FT.

Bloomberg: Elon Musk earned $95.4 billion in 2023Dec 30 2023, 04:50 AM • 58713 views

Anastasia Ryabokon

Economy

Specialists of Kyiv Scientific Research Institute of Forensic Expertise in Hungary were trained to identify improvised explosive devices

“A shot in the head": Yuzhanina criticizes Hetmantsev's idea of forced purchase of domestic government bonds

The mysterious “Oreshnik”: what it is and how the missile was developed, which the enemy used to hit the Dnieper River

Warmth and comfort for IDPs: how Brovary creates conditions for winterization of IDPs

Representatives of the Scandinavian states were shown foreign components of Russian weapons produced in their countries - KFI

“Will there be a nuclear missile?” - an expert's opinion on the first launch of an intercontinental ballistic missile

“Oschadbank calls on ARMA to take a statesmanlike approach during the tender for the manager of the Gulliver shopping center - bank representative

The first snowfall of this fall-winter season. The mayor of Brovary told how the city is coping with the deteriorating weather conditions

Conflict of interest and damages: lawyer tells how ARMA manages seized assets

Ukrainians face another power outage tomorrow: when and how many lines will be turned off

There are 6 enemy missile carriers in the Black Sea with a total volley of up to 23 missiles

Angelina Jolie reveals unexpected details about her six children

Grimes says Elon Musk has become “unrecognizable”

7 New Year's movies for a festive mood

Transparency or a screen: how ARMA transfers assets into management

Transparency or a screen: how ARMA transfers assets into management

The mysterious “Oreshnik”: what it is and how the missile was developed, which the enemy used to hit the Dnieper River

Warmth and comfort for IDPs: how Brovary creates conditions for winterization of IDPsExclusive

NABU takes on another Minister of Agrarian Policy: who can benefit from it

S.T.A.L.K.E.R. 2 released today: what is known about the release of the most anticipated game

Volodymyr Zelenskyy

Denis Shmyhal

Olaf Scholz

Binyamin Netanyahu

Viktor Orban

Ukraine

United States

Germany

Dnipro

Kyiv

Billie Eilish is named Apple Music Artist of the Year

S.T.A.L.K.E.R. 2 reaches one million sales in less than half a week after release

“I gave them the freedom to be themselves": Miley Cyrus talks about her influence on young artists

7 New Year's movies for a festive mood

Grimes says Elon Musk has become “unrecognizable”

Spotify

FAB-250

9K720 Iskander

MIM-104 Patriot

Boeing AH-64 Apache

Media predict bankruptcy of Elon Musk's company X in 2024

Warmth and comfort for IDPs: how Brovary creates conditions for winterization of IDPs
Exclusive