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Twitter is still $20B away from being in the green from even the most generous estimates. (Elon himself) Currently Twitter is in the red, and he needs it to no
by tourmalinetaco 3y ago
Twitter is still $20B away from being in the green from even the most generous estimates. (Elon himself)
Currently Twitter is in the red, and he needs it to not be that and to generate a multi-billion surplus to pay back the investors he took up to finance this.
- nomilk 3y ago> Twitter is still $20B away from being (profitable) Can you explain how Twitter manages to spend $20B per year? Say they have 1000 employees @ $200k/year, that's $200m/year (1/5th of 1B). Where are the remaining $19.8B being spent? That figure doesn't pass the sniff test.
- tourmalinetaco 3y agoThat’s because you’ve misunderstood. Twitter is worth $20B. We don’t know what they spend nor how much they make as a profit because they’re a private company. What I’m saying is for Elon to even break even on the deal, using the information we have access to, he needs its evaluations to reach at least $40B. Once it reaches that, it actually proves itself as having been at minimum a neutral purchase. Albeit the real numbers it has to reach and how much profit it needs are both currently unknown.