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Is an LBO possible with the huge debt Twitter now has? Elon is barely able to break even, even after firing most of the company, due to the interest payments.
by SkyMarshal 3y ago
Is an LBO possible with the huge debt Twitter now has? Elon is barely able to break even, even after firing most of the company, due to the interest payments. It seems like the LBO has already been done, by Elon, and that a second one on top of the first will be like squeezing water from a stone that someone already squeezed the little water out of.
- JumpCrisscross 3y ago> seems like the LBO has already been done, by Elon This is what I meant. The vision is that of a classic LBO play. Cut the fat. Survive long enough to pay down the debt. Now you own a profitable company.
- SkyMarshal 3y agoAh, gotcha.