Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a “heavy debt load,” the platform still has a negative cash flow.
Linda Yaccarino, a former NBCUniversal marketing executive, recently took over the CEO position from Musk – he’s likely betting on her advertising experience to bring them back.
See? It’s not his fault things are going poorly, it’s hers!
Yeah, it is the stereotypical glass cliff, with the twist that everyone knows that Elmo is still responsible for all decisions and she has nothing to say.
Thank you for sharing this, I had no idea the Glass Cliff was a thing but now I’ll be looking for it in the future. I remember the same thing happening on Reddit with Ellen Pao.
Ah, but he has a way out!
See? It’s not his fault things are going poorly, it’s hers!
Yeah, it is the stereotypical glass cliff, with the twist that everyone knows that Elmo is still responsible for all decisions and she has nothing to say.
Because Elmo is that kind of genius.
Thank you for sharing this, I had no idea the Glass Cliff was a thing but now I’ll be looking for it in the future. I remember the same thing happening on Reddit with Ellen Pao.
Yeah, I first learned about glass cliff when reading about Ellen Pao, it’s probably one of the best examples of it.
Meanwhile she just probably went “oh girl, a job the world doesn’t expect me to succeed at? Woo, failing upwards!!!”
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