Could X go bankrupt under Elon Musk?
Elon Musk's acquisition of X has raised concerns about the company's financial stability and the potential for bankruptcy. With $13 billion in debt on X's balance sheet and a decline in advertising revenue by 50%, the company is facing significant challenges. Musk's management decisions and controversial posts have also led to advertiser boycotts , further impacting X's financial situation. The heavy debt burden and the decline in advertising revenue pose a serious risk to X's financial stability . The company's negative free cashflow and debt servicing costs of $300 million per quarter add to the financial challenges it faces. X's business model heavily relies on advertising revenue , but the advertiser boycotts resulting from Musk's actions have put additional strain on the company's ability to generate sufficient income. While Elon Musk, as the wealthiest person in the world, has the financial means to support X, his personal wealth...