The implosion has already occurred. Over 80pct of their pre-takeover headcount is gone. Pricing their API in five-figure sums tells you their ad business is dea

The implosion has already occurred. Over 80pct of their pre-takeover headcount is gone. Pricing their API in five-figure sums tells you their ad business is dead. And they're on the hook for $1.2 billion in interest payments annually. Are they even making that in revenue now? We won't know because they're privately held.