The text primarily discusses the financial challenges faced by X, formerly known as Twitter, under Elon Musk’s ownership. It highlights the company’s potential significant loss in 2024, which could lead to bankruptcy. The article outlines several factors contributing to this situation, such as declining ad revenue, insufficient subscription income, and high debt servicing costs. It also mentions Musk’s political involvement and its impact on advertising. The article speculates on potential financial support from Musk’s other ventures, like xAI and Tesla, and the influence of the upcoming presidential election on X’s future.
The sentiment of the text is negative due to the focus on financial difficulties, potential bankruptcy, and the precarious situation of the company.
