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False. He can pump profits keeping earnings flat by slashing costs. See probably removing 1/3 the cost with this single move.
by shaburn 4y ago
False. He can pump profits keeping earnings flat by slashing costs. See probably removing 1/3 the cost with this single move.
- afavour 4y agoThe maths don't even begin to work out there. He just made Twitter take on $13bn of debt to finance his purchase, the company will owe around $1bn a year in interest payments that it didn't used to. The layoffs announced today probably won't even cover that extra interest.
- shaburn 4y agoThat's probably a billion in recurring expense of the worst kind. Debt can be satisfied with an equity issuance in the future post restructure.
- WoahNoun 4y agoThat doesn't account for the lost ad revenue due to the rise of controversial content.