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The money he's secured is mostly loans, not venture capital, so that sort of pressure to grow or pad numbers should indeed be diminished.
by dhc02 4y ago
The money he's secured is mostly loans, not venture capital, so that sort of pressure to grow or pad numbers should indeed be diminished.
- randcraw 4y agoBloomberg mentioned two loans to cover the shortfall in his equity swap (one external and one drawn on his Tesla stock), with annual interest payments in the ballpark of $1B each. So Twitter's take home pay just lost $2B of the $4B it nets annually. Losing further market share by re-engineering retweet algorithms to be kinder/gentler looks like a better bet to bury Twitter than raise it. But mature media giants are supposed to lose money, right?