nuff said
this post was submitted on 15 Jul 2023
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I remember a fellow saying Elon is a very business savvy person, because of his 2 other successful companies, Tesla and SpaceX. I guess ruining communications with potential advertisers on a platform that depends entirely on advertisers wasn't a very intelligent move.
If I recall correctly, Tesla was actually cash-negavite for like half a decade after Musk bought it, surviving off investors and SpaceX's success, I remember it was very big news when it finaly went cash-positive and subs like WSB were all over r/all
Almost all companies are "cash negative" in their first years.
Of course, but many, many companies never leave that state in the age where the biggest investment strategy is dumping hella cash into a startup in hopes that it overtakes (monopolizes) the industry but may never be profitable. And many people thought that Tesla would never be profitable, it sure looked like it for a very long time.