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While Elon is the only one with the intuition to bail out a company as large as Twitter, there probably are a few dozen Rockefeller CEOs of various SV/tech-adja
by judge2020 3y ago
While Elon is the only one with the intuition to bail out a company as large as Twitter, there probably are a few dozen Rockefeller CEOs of various SV/tech-adjacent companies that can and do use their power to command acquisitions of medium size startups that have promising tech but suffer from issues of cash flow or business strategy.
- worrycue 3y ago> While Elon is the only one with the intuition to bail out a company as large as Twitter What intuition? Wasn’t he forced to buy Twitter by the SEC? He bought it at 4x the valuation - Twitter’s ex-shareholders made it out like bandits. Now he is losing money hand over fist thanks to Twitter - as Twitter’s ad revenue has dropped due to his changes (and big mouth) and he is paying to the tune of 1 billion USD a year in interest from the loan to buy Twitter; Twitter’s yearly income on the best of years have come nowhere close to a billion.
- judge2020 3y agoIntuition was italicized for a reason - it was sarcasm.
- pjc50 3y agos/bail out/fly into the ground/