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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 deb
by 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 agoThat'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 agoBecause 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...