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I think we're beyond taking what Elon Musk says at face value. Musk is so deep underwater on this deal he is really going to have to pull out all the stops just
by SilverBirch 4y ago
I think we're beyond taking what Elon Musk says at face value. Musk is so deep underwater on this deal he is really going to have to pull out all the stops just to keep it afloat, let alone to actually do what he wants with it. I think this is the first true sign of the pivot for Musk from "Ha this is funny I'm going to shitpost" to "Oh god, i'm going to lose me and my friends several billion dollars".
Twitter under Musk is going to be saddled with $13Bn in debt, on top of that their last quarter they reported losing a $270m. So in aggregate it seems pretty likely that Twitter is going to be bleeding monstrous amounts of money very quickly, and it's quite likely Musk is going to have to start throwing good money after bad just to keep it afloat. It's not just that it's going to be losing money, it's that if they can't service this debt his creditors can step in and take Twitter, which would be absolutely hilarious.
- Rapzid 4y agoI would sell it immediately or delegate managing it. After a failed attempt to back out of one of the worst deals of all time.. All the "free speech" is out the window now as he promises it won't become an unmoderated "hellscape" in an attempt to keep the rats(advertisers) from fleeing the sinking ship. So then, what's the point in even owning it? Day one he has already lost more money than he would have accepted had he played around with it before selling it off.