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How I understand the parent post: Twitter has cost Musk a lot of money. Musk will now have to get a lot of value from twitter, and that will probably be bad new
by rustybolt 4y ago
How I understand the parent post: Twitter has cost Musk a lot of money. Musk will now have to get a lot of value from twitter, and that will probably be bad news for the user.
- bboygravity 4y agoBecause Musk is known to increase the value of companies by taking from users and giving back crappy products and services?! I find that train of thought very unconvincing.
- newsclues 4y agoJust because the new owners paid price X doesn’t mean the previous owners weren’t extracting profits that were based on the value X of the business. Basically it seems like some people are doing some mental gymnastics to justify disliking or boycotting Twitter because Elon bought it and doesn’t seem to be going along with the program.
- HereBeBeasties 4y agoIt has cost Musk a lot of money, but the critical point here is that it has also cost Twitter a lot of money: Because it is a leveraged buy out Twitter owns the $13bn debt that was raised to buy it out.