Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with “heavy debt.”
Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with “heavy debt.”
It’s a public company, there are legal requirements for reporting its cash flows to its shareholders. If they’re being fudged to that degree then that’s massive fraud and Musk would be in very serious legal trouble.
@FaceDeer
@kuontom @const_void @Catch42
We live in the age of fraud. It’s easy to fake those numbers. Hell, the regulations will even help you defraud investors. In fact, you should google Wirecard as an example of this, and realize it could totally happen again. Also, look at how rich Musk already is and realize he has already gotten away with it. Legal trouble just means he may retire in slightly less comfort than he would’ve anyways.