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I think it’s because the company wasn’t very profitable and has low growth.
by nailer 4y ago
I think it’s because the company wasn’t very profitable and has low growth.
- plastiquebeech 4y agoThey were barely keeping their heads above water, but the interest payments on their new loans was like tying cinder blocks to their feet. It amazes me that the world's richest man was able to buy this company with a bunch of borrowed money, and saddle the company with the debt rather than himself. If he actually cared about Twitter's financial health, you have to figure he would have bought it outright. He has the money.
- duxup 4y agoThey were not in great shape, but they’re now in substantially worse.
- kccoder 4y agoElon is basically doing a Gilderoy Lockhart trying to repair Harry's broken arm impression.