4 ms·
According to some random dude on the internet, the -$4M is mostly Elons interest on his loan, and not the actual Twitter operating loss. Can someone check the m
by kramerger 4y ago
According to some random dude on the internet, the -$4M is mostly Elons interest on his loan, and not the actual Twitter operating loss. Can someone check the math on this?
https://ioc.exchange/@alaric/109288546893776528 https://ioc.exchange/@alaric/109288546893776528
(Yes, that is a Mastodon link)
- trident5000 4y agothe astroturfing of whatever this site is has been pretty cringe
- colinsane 4y agobrowsing their feed it feels like a bunch of legitimately new users (which sure, can look cringe if they post without understanding the norms). what astroturfing are you seeing?
- shagmin 4y agoAccording to [0] Elon's debt that he's brought to the table alone is costing approximately $1 billion/year, which is $2.7 million/day... So I guess that's most of it. https://qz.com/here-s-how-many-blue-checks-elon-musk-would-need-to-sel-1849740479 https://qz.com/here-s-how-many-blue-checks-elon-musk-would-n...
- DoesntMatter22 4y agoThey were running a 500 million dollar a year loss before Elon bought so 1.5 million a day roughly. Then 2 mil for debt and half a mil in advertising loss I would guess
- stefan_ 4y agoSee the debt commitment letter (search for "The interest rates under the Bank Facilities"): https://s3.documentcloud.org/documents/22128214/exhibit-2-to-the-verified-complaint-filed-on-behalf-of-twitter-inc.pdf https://s3.documentcloud.org/documents/22128214/exhibit-2-to... Rough math for $13B at a SOFR of 3% plus 4.5% and you get a nice billion a year of interest, some $2.7M a day.
- iepathos 4y agoNot sure, in 2020 they were losing over $3M a day with an annual loss of $1,136,000,000, but I read they reduced their losses in 2021. Haven't seen any data for 2022.