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See, paying $44B for a company that doesn't make any profit and doesn't grow or doesn't create some kind of technology or platform that might be very valuable s
by mrtksn 4y ago
See, paying $44B for a company that doesn't make any profit and doesn't grow or doesn't create some kind of technology or platform that might be very valuable some day prohibits you from just letting it be. Even for the richest person on the planet, that's a very significant amount of money and that's before the loan with the $1B yearly interest he took for the purchase.
That means, either He makes Twitter profitable or Twitter shuts down in a few years(He might prolong it by burning from his personal wealth) without anything to show for the money. As an owner and CEO, he can't afford to let Twitter operate as if it is business as usual.
- kaba0 4y agoI’m fairly sure he was just dumb enough to write that contract in a way that essentially forced himself into buying it at such a high price.