3 ms·

Elon said that when he acquired Twitter it was burning $4 million per day.

detaro 3y ago
Afaik the number was after the acquisition, and thus with Twitter on the hook for $1.2 billion of yearly debt repayment from the acquisition loans?
hef19898 3y ago
If your source would have been Twitters SEC filings, I woupd believe it. By now, I wouldn't believe Elon tellong me it's raining while being soaked in rain, waiting for one the millions of Tesla's robot taxis to pick me up.
- deleted 3y ago
  [deleted]
qwytw 3y ago
Their net income back in 2021 was -223.32 mil. So only ~0.6 million per day. The interest payments on the $12.5 billion of debt Musk offloading to its balance sheet to fund his 'purchase' is way more than that. Basically Musk alone costs Twitter about the same as 4000 - 8000 employees. Which is why he had to fire that many people.. Seems like a great deal. Not that I mind him running Twitter into the ground it's horrible format/platform for any meaningful communication aside from public single sentence public announcements..
- Ensorceled 3y ago
  As always, you are (were) using Twitter wrong. I follow authors, artists and journalists. Now, since Musk, the comments on anything newsworthy is a cesspool of paid subscribers with inane comments or just a string of emojis. If you had told me 6 months ago that I would grow to hate the clown emoji, I would have been bewildered.
  - qwytw 3y ago
    > As always, you are (were) using Twitter wrong. I follow authors, artists and journalists. Well yeah, but those authors, artists and journalists can only use Twitter to share links and images (and announcements) since no meaningful content can fit into 230 chars. The worst is when people split a single paragraph text into 5+ tweets, that just brain damage inducing UX.... IMHO removing the limit would've been the only good thing Musk did if it was available to everyone.
  - theGnuMe 3y ago
    Science and likewise machine learning twitter are interesting in the game theory sense of the whatever Twitter is. Same with journalists. It's distinct from the influencer phenomenon. Also distinct from what you see in the author/podcast world.

Afaik the number was after the acquisition, and thus with Twitter on the hook for $1.2 billion of yearly debt repayment from the acquisition loans?

hef19898 3y ago

If your source would have been Twitters SEC filings, I woupd believe it. By now, I wouldn't believe Elon tellong me it's raining while being soaked in rain, waiting for one the millions of Tesla's robot taxis to pick me up.

deleted 3y ago
[deleted]

qwytw 3y ago

Their net income back in 2021 was -223.32 mil. So only ~0.6 million per day. The interest payments on the $12.5 billion of debt Musk offloading to its balance sheet to fund his 'purchase' is way more than that. Basically Musk alone costs Twitter about the same as 4000 - 8000 employees. Which is why he had to fire that many people.. Seems like a great deal. Not that I mind him running Twitter into the ground it's horrible format/platform for any meaningful communication aside from public single sentence public announcements..

Ensorceled 3y ago
As always, you are (were) using Twitter wrong. I follow authors, artists and journalists. Now, since Musk, the comments on anything newsworthy is a cesspool of paid subscribers with inane comments or just a string of emojis. If you had told me 6 months ago that I would grow to hate the clown emoji, I would have been bewildered.
- qwytw 3y ago
  > As always, you are (were) using Twitter wrong. I follow authors, artists and journalists. Well yeah, but those authors, artists and journalists can only use Twitter to share links and images (and announcements) since no meaningful content can fit into 230 chars. The worst is when people split a single paragraph text into 5+ tweets, that just brain damage inducing UX.... IMHO removing the limit would've been the only good thing Musk did if it was available to everyone.
- theGnuMe 3y ago
  Science and likewise machine learning twitter are interesting in the game theory sense of the whatever Twitter is. Same with journalists. It's distinct from the influencer phenomenon. Also distinct from what you see in the author/podcast world.