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I mean he was the one that saddled Twitter with a billion dollars in LBO debt. Most successes and failures have many contributors but this particular spot of tr
by esoterica 4y ago
I mean he was the one that saddled Twitter with a billion dollars in LBO debt. Most successes and failures have many contributors but this particular spot of trouble Twitter is literally just 100% his own doing.
- bottlepalm 4y agoI mean that was the cost of taking control of Twitter. Success or failure are yet to be seen. Their current revenue is more than enough to service the debt, but really all this restructuring is about making the company leaner and more competitive. If the valuation goes up then the debt quickly becomes a non-issue.
- Volundr 4y ago> I mean that was the cost of taking control of Twitter. It wasn't. He structured the acquisition such that Twitter took on substantial new debt rather than providing the funds himself. Was it a good move? Honestly I'm not savvy's enough about this kind of thing to say, but it definitely wasn't the only move. A substantial part of Twitter's net loss is because he chose to saddle it with new debt.