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>Making no judgements on whether thats a good thing, but Twitter will become a 'Musk Company". And like other Musk company's, he will cut costs until the compan
by 999900000999 4y ago
>Making no judgements on whether thats a good thing, but Twitter will become a 'Musk Company". And like other Musk company's, he will cut costs until the company is 'break-even
Isn't that how purchasing companies works?
- TrapLord_Rhodo 4y agoNo, not usually. When a company is acquired it is rolled up into the company purchasing it, brings in some fresh funding to start in another direction, with a dedicated 'team' going forward to run the org, etc. etc. Sometimes this is done for strategic reasons, or plain and simple acquihires. Deals are not usually done by a single individual pooling capital from various places to take a public entity private. There are obvious examples where this has happened in the past, but no - this is not a normal acquisition by any means.