Good explanation of the financial challenges of making Twitter break even, much less profitable. non-paywalled: https://archive.ph/WY3ET https://archive.ph/WY

Good explanation of the financial challenges of making Twitter break even, much less profitable. non-paywalled: https://archive.ph/WY3ET https://archive.ph/WY3ET TLDR (from electoral-vote.com's summary [1]): "Twitter has lost money in 8 of the last 10 years. Last year, it had a cash flow of a little over $600 million to cover all of its expenses, including $50 million in debt service. Now, with all the debt Musk took on in order to buy the platform, debt servicing alone is going to exceed $1 billion annually. That means all of the cash that the platform is generating plus another $400 million, and that's before a single server or bit of bandwidth or salary is paid for. "If that were not enough, Musk just cashiered the senior management of Twitter, naming himself as the sole director of the company. The folks he just terminated all had giant golden parachutes, meaning that he is going to have to write them nearly $200 million in checks as they exit stage right. Maybe they'll be open to taking that in Tesla stock?" [1]:https://electoral-vote.com/#item-3 https://electoral-vote.com/#item-3