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He had to take out a giant loan to afford the purchase (debt financing), which twitter needs to pay about $1B a year to service. Twitter wasn't getting anywher
by klyrs 4y ago
He had to take out a giant loan to afford the purchase (debt financing), which twitter needs to pay about $1B a year to service. Twitter wasn't getting anywhere near that in profit.
- notinfuriated 4y agoAh, didn't realize this about the $1B/year. Thanks!