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I have really enjoyed Twitter. But based on some basic numbers I’ve seen, it wouldn’t surprise me if nothing Elon might do can save Twitter. It just seems doome
by MBCook 4y ago
I have really enjoyed Twitter. But based on some basic numbers I’ve seen, it wouldn’t surprise me if nothing Elon might do can save Twitter. It just seems doomed in the next few years purely from debt.
He may slow it down a bit. He could easily accelerate it. Companies that far in debt just don’t survive.
- ytpete 4y agoHe seems almost certain to accelerate it - Twitter is estimated to now owe over $1 billion per year in debt service payments due to the leveraged buyout: https://www.bloomberg.com/news/articles/2022-10-12/musk-s-twitter-buyout-gambit-is-getting-costlier-by-the-day https://www.bloomberg.com/news/articles/2022-10-12/musk-s-tw.... If true they'll almost immediately be in a severe struggle to not fall into default.