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Look, Twitter's death sentence was signed when Musk bought it. Profit was always <<< interest payments of the money he borrowed for the acquisition. Twitter wil
by WA 3y ago
Look, Twitter's death sentence was signed when Musk bought it. Profit was always <<< interest payments of the money he borrowed for the acquisition. Twitter will die and this is a last hope to turn it into something else that might be more profitable to ensure it stays afloat for a bit longer.
I just don't really understand why nobody is angry at the old Twitter board for signing the deal in the first place. Yes, Musk was trolling and yes, they have apparently an obligation towards their shareholders to get a good deal for the invested money. But still, the investors in Twitter valued money first and "Twitter's role as global message board" had a lower priority.
- Veliladon 3y ago> I just don't really understand why nobody is angry at the old Twitter board for signing the deal in the first place. Because when some idiot billionaire gives you a premium on an already overinflated stock you sign that deal or you get sued into oblivion by the institutional investors who will use their giant pile of money to bury you for letting the deal of the decade get away.