4 ms·
I'm still not sure if those percentages you are mentioning are revenue (from ads) or MAUI. If they are from revenue from ads, well those were bound to go down a
by jdmoreira 4y ago
I'm still not sure if those percentages you are mentioning are revenue (from ads) or MAUI. If they are from revenue from ads, well those were bound to go down a lot as soon as the economy flipped.
> Elon bought the company for $44 billion
It's more complicated than that. He agreed to pay $44 billion at a certain moment in time where interest rates were negative. The way these acquisitions work is by borrowing a huge amount of money (something like 80% of the deal) putting up a much lower percentage of your own money (say 20%) and then using the business itself as collateral agains the loan.
The math changes a lot when interest rates change.
That's why he tried to bail out of seeing it through.
- encoderer 4y agoYes, he made a terrible deal. He had terrible timing, showed no discipline by waiving due diligence, and overpaid for twitter.
- shagie 4y ago> He agreed to pay $44 billion at a certain moment in time where interest rates were negative. For $50 and $4.20 I would question how deeply he thought about the price and how much of that was his thumbing his nose at the SEC.