4 ms·

If Elon was able to bring Twitter to break even in a few months, there are reasons to believe he could make it profitable with a bit more time.

tptacek 4y ago
I don't know many people who believe Twitter is "break even". Musk, who is not known for his fastidious accuracy in statements like this, has a lot of leeway to count and not count different parts of Twitter's cash flow to make a claim like that. Another thing to keep in mind is the mind-boggling amount of debt service that Twitter has to deal with.
- funstuff007 4y ago
  Additionally, the CFO position at Tesla has had noticeably high turnover the years.
PpEY4fu85hkQpn 4y ago
Do you really believe him when he says Twitter is breaking even when he's not paying his bills, and probably not paying his loan interest? https://www.businessinsider.com/twitter-stopped-paying-rent-not-paying-severance-elon-musk-report-2022-12 https://www.businessinsider.com/twitter-stopped-paying-rent-...
- SV_BubbleTime 4y ago
  [flagged]
  - gorjusborg 4y ago
    I don't know or care about Business Insider, but if you are going to try diminish a source's credibility by calling it propaganda, at least spell the word correctly.
    - SV_BubbleTime 4y ago
      I do two things as a matter of character. 1. I don’t make fun of immutable characteristics. 2. I don’t raise a fuss about typos, or spelling especially one letter ones in an age of smartphones. But you do you.
      - somebehemoth 4y ago
        Too bad your character does not exclude baseless accusations of propaganda. But at least you don't tease people for spelling.
        SV_BubbleTime 4y ago
        Baseless :) My man, if you don’t know that businessinsider is not a real publication, and are fooled because it has business in the name, then your perspective is so far left that there’s just no getting through. And that’s OK.
  - PpEY4fu85hkQpn 4y ago
    This was widely reported by dozens of news outlets. You can take your pick across the political spectrum. I don't know anything about BusinessInsider, what specifically makes you say they are a propaganda outlet pushing a narrative? And what is the narrative?
    - DHPersonal 4y ago
      Info about Business Insider: https://mediabiasfactcheck.com/business-insider/ https://mediabiasfactcheck.com/business-insider/
- 93po 4y ago
  There's been a dispute with that landlord since before Elon bought twitter, and not paying rent is Twitter's way of negotiating and other organizations/companies do similar tactics all the time. If you're in a contentious legal situation with another group, withholding payment and making an argument you're allowed to do so under the lease is perfectly normal. Unfortunately reporting on this is awful and biased and doesn't include nuance like this. It's just "omg twitter is broke and run by an idiot".
  - PpEY4fu85hkQpn 4y ago
    Where can I read more about the dispute?
    - 93po 4y ago
      https://cdn.arstechnica.net/wp-content/uploads/2023/01/landlord-vs-twitter.pdf https://cdn.arstechnica.net/wp-content/uploads/2023/01/landl...
      - PpEY4fu85hkQpn 4y ago
        This is just the lawsuit of the building owner suing twitter for not paying rent. Is there something else?
        93po 4y ago
        Is there something else that's relevant? It's 300+ pages of all the information around the situation, though admittedly biased from the landlord's perspective
        PpEY4fu85hkQpn 4y ago
        I was hoping to read more about the dispute you were talking about. As far as I can tell the dispute is that twitter didn't pay the rent and the building owner wants them to pay the rent, which is how this has been reported.
anigbrowl 4y ago
If.
HeyLaughingBoy 4y ago
twitter isn't break-even; it's just broken.
acdha 4y ago
Twitter was profitable before he was involved. Not enormously so but the only reason the previous year was negative was a one-time lawsuit settlement. The problem is that Musk bought them on credit which added a massive amount of new debt settlement so now they need something close to a billion dollars of new profits annually to be where they were.
Whatarethese 4y ago
I'm sorry but there is no way he is breaking even. Elon lies are historic and unless there is proof nothing should be believed.

tptacek 4y ago

I don't know many people who believe Twitter is "break even". Musk, who is not known for his fastidious accuracy in statements like this, has a lot of leeway to count and not count different parts of Twitter's cash flow to make a claim like that. Another thing to keep in mind is the mind-boggling amount of debt service that Twitter has to deal with.

funstuff007 4y ago
Additionally, the CFO position at Tesla has had noticeably high turnover the years.

PpEY4fu85hkQpn 4y ago

Do you really believe him when he says Twitter is breaking even when he's not paying his bills, and probably not paying his loan interest? https://www.businessinsider.com/twitter-stopped-paying-rent-not-paying-severance-elon-musk-report-2022-12 https://www.businessinsider.com/twitter-stopped-paying-rent-...

SV_BubbleTime 4y ago
[flagged]
- gorjusborg 4y ago
  I don't know or care about Business Insider, but if you are going to try diminish a source's credibility by calling it propaganda, at least spell the word correctly.
  - SV_BubbleTime 4y ago
    I do two things as a matter of character. 1. I don’t make fun of immutable characteristics. 2. I don’t raise a fuss about typos, or spelling especially one letter ones in an age of smartphones. But you do you.
    - somebehemoth 4y ago
      Too bad your character does not exclude baseless accusations of propaganda. But at least you don't tease people for spelling.
      - SV_BubbleTime 4y ago
        Baseless :) My man, if you don’t know that businessinsider is not a real publication, and are fooled because it has business in the name, then your perspective is so far left that there’s just no getting through. And that’s OK.
- PpEY4fu85hkQpn 4y ago
  This was widely reported by dozens of news outlets. You can take your pick across the political spectrum. I don't know anything about BusinessInsider, what specifically makes you say they are a propaganda outlet pushing a narrative? And what is the narrative?
  - DHPersonal 4y ago
    Info about Business Insider: https://mediabiasfactcheck.com/business-insider/ https://mediabiasfactcheck.com/business-insider/
93po 4y ago
There's been a dispute with that landlord since before Elon bought twitter, and not paying rent is Twitter's way of negotiating and other organizations/companies do similar tactics all the time. If you're in a contentious legal situation with another group, withholding payment and making an argument you're allowed to do so under the lease is perfectly normal. Unfortunately reporting on this is awful and biased and doesn't include nuance like this. It's just "omg twitter is broke and run by an idiot".
- PpEY4fu85hkQpn 4y ago
  Where can I read more about the dispute?
  - 93po 4y ago
    https://cdn.arstechnica.net/wp-content/uploads/2023/01/landlord-vs-twitter.pdf https://cdn.arstechnica.net/wp-content/uploads/2023/01/landl...
    - PpEY4fu85hkQpn 4y ago
      This is just the lawsuit of the building owner suing twitter for not paying rent. Is there something else?
      - 93po 4y ago
        Is there something else that's relevant? It's 300+ pages of all the information around the situation, though admittedly biased from the landlord's perspective
        PpEY4fu85hkQpn 4y ago
        I was hoping to read more about the dispute you were talking about. As far as I can tell the dispute is that twitter didn't pay the rent and the building owner wants them to pay the rent, which is how this has been reported.

anigbrowl 4y ago

If.

HeyLaughingBoy 4y ago

twitter isn't break-even; it's just broken.

acdha 4y ago

Twitter was profitable before he was involved. Not enormously so but the only reason the previous year was negative was a one-time lawsuit settlement. The problem is that Musk bought them on credit which added a massive amount of new debt settlement so now they need something close to a billion dollars of new profits annually to be where they were.

Whatarethese 4y ago

I'm sorry but there is no way he is breaking even. Elon lies are historic and unless there is proof nothing should be believed.