3 ms·
I get it, i understand the 4B figure (and i was very wrong with my 2.5B figure)! I'ts because the advertisment revenue is down 90%. 90% of 4.5B is roughly 4B, h
by orwin 4y ago
I get it, i understand the 4B figure (and i was very wrong with my 2.5B figure)! I'ts because the advertisment revenue is down 90%. 90% of 4.5B is roughly 4B, hence TFA number i guess.
Now, it's only down that much since november, but it was still down 50% in october (due to the buyout and uncertainties, not Elon's policies), and it was already under last year results this summer. You see the issue? TFA (and me in believing without understanding) fucked up the calculations.
So. Let's not be charitable, and take the worst case scenario:
- Debt service: 1B,
- Cost reduction: Mostly inexistant due to severance package,
- Revenue reduction: 350*2(november-december) + 200 (october) + 200 (rest of the year): 1.1B
Total hole: 2.1B (worst case)
A charitable napkin calculation would be .5B.
I personally think twitter is loosing more than just the debt servicing, because some payments are very late, and it seems that severance package are hard to get for ex-employees. I don't think he would have done the policy change, or have tweeted what he has tweeted either if it was just money (i'm being very charitable here, as an excuse to Elon fans for being a bit of an ass in prior comments)