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Just because someone payed that amount doesn't mean that it's worth it. It's only worth what people are willing to pay, which AFIK is now way less then before m
by dathinab 4y ago
Just because someone payed that amount doesn't mean that it's worth it. It's only worth what people are willing to pay, which AFIK is now way less then before musk bought it.
Part of it is that due to the (IMHO absurd to be legal) financial instruments Musk used to loan (part of) the money used to buy twitter, twitter has now a pretty high financial burden. Means it now has to earn much more to be profitable then before. (It was something which you could oversimplified describe as Musk taking out a lone in the name of twitter before being able to represent twitter to buy twitter..., in practice it's more convoluted then that but it's kinda similar.)
Through in the broader picture this specific case of Twitter is more then an indicator for something being wrong, like either impending Bankruptcy, him doing improper business and being very untrustworthy or him crippling the operations department to a point where Twitter has lost overview about what they need to pay where.