3 ms·
Musk has saddled Twitter with a lot of debt as part of this deal. The interest on that debt is about $1 billion / year. So they don't need to just find $200M, t
by jsnell 4y ago
Musk has saddled Twitter with a lot of debt as part of this deal. The interest on that debt is about $1 billion / year. So they don't need to just find $200M, they need to find $1.2B. Does it still sound easy?
- com2kid 4y ago1.2B is a bit harder, yeah. I guess I should have stated that Twitter could have been profitable awhile back, and it was likely a choice they made to not be. Not sure why they made that choice, and it seems like everyone who does know why no longer works there. My overall point was that large corporations have a lot of waste in them, entire teams dedicated to making shiny dashboards for execs who only ever look at them once or twice a year, or, something I saw at Microsoft, hiring vendors to write software, and also hiring another vending firm to manage the first vending firm. (Because MS, despite being filled with program managers and software developers, wasn't set up at the time to do short term projects so the easiest solution to that organizational problem was to flush a few million extra down the tubes...)