3 ms·
> 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
by 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.