[Caipirabob]

Heck of a write-off.

[Jonty30]

It will probably be a wash for him, in the end. He’ll just keep writing down the losses until it’s absorbed. Liberals think they won by costing him money, but they don’t understand that it didn’t really hurt him in the long run.

[Yo-Yo]

Advertisers have left X in droves over concerns about increased "hate speech" on the platform.

In other words, since X isn't P.C. anymore, it's not attractive to Woke corporations.

Here's a story from this past August:

https://www.investopedia.com/x-partners-with-integral-ad-science-7574262

KEY TAKEAWAYS

* X Corp. said on Tuesday it had signed a one-year deal with Integral Ad Science (IAS), an ad optimization and verification company that provides technology for detecting fraud on social media platforms.
* It's part of X's efforts to win back advertisers and address reports of growing hate speech on the platform.
* Advertisers have questioned Elon Musk's management approach and vision for Twitter, now X, since he took over last year.

[Scrambler Bob]

Has he borrowed any money?

Take him to court! He deflated his value for his benefit.