3 ms·
Why can't it happen? Twitter has $13bn in debt on its balance sheet thanks to the ridiculous purchase price. Last week's bond payment of $300m is on its own, h
by rchaud 4y ago
Why can't it happen?
Twitter has $13bn in debt on its balance sheet thanks to the ridiculous purchase price. Last week's bond payment of $300m is on its own, half of what their total net debt was pre-Musk ($600m)[0].
Twitter's revenue last year was $5bn. In a year's time it will probably be a fraction of even that; Twitter's user base isn't growing and isn't going to magically become more valuable in an economy where advertisers are cutting back on spending.
[0] https://www.wsj.com/articles/how-elon-musks-twitter-faces-mountain-of-debt-falling-revenue-and-surging-costs-11669042132 https://www.wsj.com/articles/how-elon-musks-twitter-faces-mo...