8 ms·

Also, Jack deserves credit for roping in Elon and selling Twitter at $44B at peak market. Every employee (with stock options) got some of that upside. Assuming

Also, Jack deserves credit for roping in Elon and selling Twitter at $44B at peak market. Every employee (with stock options) got some of that upside. Assuming the $4M per day loss is accurate, any CEO would be forced to make cuts in this economic environment. I credit Elon for doing it all at once rather than doing a cascading series of layoffs. That said, I feel for everyone who lost their job...

jdlshore 4y ago
> rather than doing a cascading series of layoffs That has yet to be seen...
SilverBirch 4y ago
The rumour is that a significant part of the losses is that Elon spooked advertisers, so their ad spend dropped off a cliff. So what was a marginal advertising platform last years is a massive mess now. Oh and Musk used something >$10Bn worth of loans to buy twitter, so they immediately have a new $1bn/year interest payment to make. That's 3 mil a day alone (check my maths).