X is already worth less than half of buying price. And this is income loss, not net worth. Which will eventually lead to the later or if not to bankruptcy.

I don’t think Twitter ever even had ad revenue that high right?

K you better not have just unearthed the REAL genesis and hidden meaning behind all this X bullshit…👆

Edit: sort of makes some sick kinda sense given his autocrat state-level investors… :/

He’s said that he WANTS it to be profitable and as a clinical narcissist billionaire, he doesn’t cope well with not getting what he wants.

On a more practical level, the cesspit it’s become has increased scrutiny on his other companies and the main one, Tesla, is decidedly NOT weathering that well.

All in all, he’s lost over a third, maybe even as much as HALF of his still absurdly huge dragon’s hoard of wealth since he took over Twitter.

Much of his wealth is held in shares of his publicly traded companies. If investors lose faith in his ability to manage and grow one company it could (and seemingly has) affect the value of all companies he’s involved with, directly decreasing his net worth. Making Twitter profitable would have gone a long way in demonstrating his ability to run a company, but he has done the opposite.

But technically no, I guess he doesn’t need Twitter to turn a profit. He could just watch it all burn.