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Except that the financing he used to buy Twitter require him to double net revenue immediately[0]. It's not clear he can cut expenses by more than 50% without n
by pwinnski 4y ago
Except that the financing he used to buy Twitter require him to double net revenue immediately[0]. It's not clear he can cut expenses by more than 50% without negatively impacting revenue.
And that's before a massive drop[1] coming from how badly he's handled the acquisition, as well as his personal reputation.
0. https://www.nytimes.com/2022/10/30/technology/elon-musk-twitter-debt.html https://www.nytimes.com/2022/10/30/technology/elon-musk-twit...
1. https://nypost.com/2022/11/04/elon-musk-says-twitter-has-seen-massive-drop-in-revenue-blames-activist-groups/ https://nypost.com/2022/11/04/elon-musk-says-twitter-has-see...
- freefaler 4y agoThere is an old saying, if you owe the bank 10000 USD it's your problem, if you owe 10 bilion it's theirs. These things can be renegotiated, it's hard but doable. And we can't be sure how focused Elon would be on Twitter at all. I doubt it and things are not looking good for Twitter long-term. He could've be forced to buy it and now it's minimizing future prolbems for him personally.