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> Maybe as a private company, they can start to think beyond shallow, short term metrics. Only if Musk operates Twitter as a public service, at a personal expe
by quesera 4y ago
> Maybe as a private company, they can start to think beyond shallow, short term metrics.
Only if Musk operates Twitter as a public service, at a personal expense of at least $700MM/yr.
...
Elon's debt service for the purchase exceeds $1BB/yr, for an unprofitable business with $600MM of revenue.
If he cuts operating costs by 50% while maintaining revenue (not likely but possible, surely Twitter has too many people today. or last week anyway)... then he personally loses ~$700MM/yr for the privilege of owning Twitter.
- colinmhayes 4y agoTwitters revenue was 5 billion last year.
- quesera 4y agoYou're right. I misinterpreted the source -- which on re-read, is a bit of a dog's breakfast: https://www.nytimes.com/2022/10/30/technology/elon-musk-twitter-debt.html https://www.nytimes.com/2022/10/30/technology/elon-musk-twit... ~$600MM of "cash flow" (I think they mean EBITDA) to service the $1BB debt, so he's about half-way there, before reducing operating costs below 2021's $3BB.