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You can't imagine where X, owned by saudis and the world's richest man, got $6 million from?

• cratermoon 3y ago
  Let me put it another way. If 𝕏 has $6 million to buy another company, why is the company delinquent on hundreds of millions, if not billions of dollars in debts, including office space rent, google cloud expenses, Oracle services, AWS, and so on?
  • mrguyorama 3y ago
    That's just because Musk thinks "just don't pay your bills" is a negotiation tactic. He's just trying to abuse his debtors into agreeing to smaller amounts. Musk and twitter has cash, precisely because they are choosing not to pay anything. That tends to do wonders for your cash flow. That doesn't mean they are profitable, or sustainable.
  • rchaud 3y ago
    Because they owe $300m in interest payments every quarter. https://www.ft.com/content/32568ca1-464b-4fcf-8694-44be6be3d686 https://www.ft.com/content/32568ca1-464b-4fcf-8694-44be6be3d...