Elon's X Takeover Should Be Studied

Chris shatters the media hype around Elon Musk’s takeover of Twitter—now rebranded as X. Despite claims of collapse, X reported an EBITDA of $1.25 billion on $2.7 billion in revenue, more than double Twitter’s 2021 numbers. Learn how Musk’s bold moves—firing dead weight and streamlining operations—are turning the narrative around and drawing back advertisers. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Another bullshit narrative destroyed.

Speaker 3 (00:19):
Oh yeah, Elon Musk. He took over Twitter and he
wrecked it. Oh oh, because of his humorous Look what
he did. He destroyed the entire thing. All the advertisers
are pulling out, what's gonna happen?

Speaker 2 (00:34):
He just dunked on you liars. Yeah, as it turns out,
here are the actual numbers right now. And they even
had a report on the fact that everyone's buying up,
buying up those bonds, the X bonds anyway. Yeah, X
reported to investors that they're earnings before interest, taxes and

(00:57):
depreciation amortization. Yeah, one point two five billion at an
annual revenue of two point seven billion. Now in twenty
twenty one, twenty twenty one, Twitter, their ebadah was six

(01:18):
hundred and eighty two million.

Speaker 4 (01:19):
Oh, sure, they had higher revenues, higher revenue. They were
five billion dollars in revenues, but they made six hundred
and two million. So despite all of the cancer later,
I're not.

Speaker 2 (01:32):
Going to advertise on X. We're not gonna do it.
Uh yeah, his revenues are down to two point seven billion,
but he actually made more than double. You see, all
of you leftis out there. We'll go to Seinfeld with
Kroger Industrial smoothing. Okay, it's good to be in the black,

(01:53):
not in the red. He fired all of the dead
weight there. He caught out all the crap and they're
making money and gas advertisers are coming back. Watchdog on
Wall Street dot com