Twitter Admits To Risk of Losing Advertisers, Staff Due To Musk Takeover – Slashdot

Among the many new risks related to the transactional nature of the Musk deal — like if the merger is delayed or doesn’t close (the latter which comes with a billion-dollar financial hit to Twitter, for instance) — the company said it’s exposed to new risks related to its “business relationships, financial condition, operating results, cash flows, and business,” including “whether advertisers continue their spending on our platform.” As the company explains further in the filing, amid its ongoing risk factors, it continues to generate the “substantial majority of our revenue from advertising” and its loss could harm the business. It notes as well that if its reputation among advertisers declined, it may be less competitive.

[T]he company also acknowledged a more immediate threat of employee departures and an inability to effectively recruit as other potential ramifications of the merge, and noted that “current employees could be distracted, and their productivity decline as a result, due to uncertainty regarding the merger.” Source: Twitter Admits To Risk of Losing Advertisers, Staff Due To Musk Takeover – Slashdot