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> both of his own making Really? I was under the impression that Twitter was hemorrhaging money.
by aerostable_slug 4y ago
> both of his own making
Really? I was under the impression that Twitter was hemorrhaging money.
- acdha 4y agoTwitter was losing money but for years they would have been profitable except they were handing out executive stock compensation like they were Facebook. That wasn’t great but there was an obvious path to profitability. Musk just added somewhat over a billion in new annual debt servicing so it went from “stop going to nightclubs every day” to “sell the furniture”.
- deleted 4y ago[deleted]
- danans 4y agoTo which he added $1B a year in liabilities.