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I've seen it claimed that the $4M/day figure is mostly because of the debt servicing cost that Musk's acquisition added to the company's books. The new debts a
by kemayo 4y ago
I've seen it claimed that the $4M/day figure is mostly because of the debt servicing cost that Musk's acquisition added to the company's books.
The new debts apparently add over $1 billion / year in interest payments alone. https://www.nytimes.com/2022/11/03/technology/elon-musk-twitter-money-finances.html https://www.nytimes.com/2022/11/03/technology/elon-musk-twit...
(Being able to do this as part of a buyout sounds ridiculous, I know. And yet.)