Elon Musk doesn’t have a great track record of saying things that then come true. Or, put another way, he loves to make promises and then break them. Or, put yet another way: the man is full of it. For instance, he’s repeatedly said his biotech device company, Neuralink, is nearing human trial approval. Spoiler alert: it’s not.
So perhaps take his most recent comments with a grain of salt. In an interview at investment firm Morgan Stanley’s tech conference, Musk claimed that all of his cost cuts at Twitter (like the mass layoffs and cuts to employee benefits) have paid off. “I think we have a shot at being capital-positive next quarter,” he said at the event, which was also live streamed via Twitter. Musk further claimed that his platform’s user numbers were up, contributing to the gains.
While it’s impossible to predict the future and say for certain that Musk’s new claim about Twitter’s finances is 100% untrue, Gizmodo can tell you that it is... very unlikely. Just a couple months ago, the man was reportedly looking to raise $3 billion from investors and claiming bankruptcy was a distinct possibility for the social company.
Shall we quickly go back to Musk’s many past broken promises? There was that time in 2016 when the multi-hyphenate CEO wrote that Tesla would expand its EV vehicle line to “address all major segments” of...
stage at the Ninth Circuit, where pharmaceutical companies say a momentous new ruling "illustrates perfectly" the constitutional concerns of U. S. Supreme Court justices regarding FCA enforcement. ...