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I may be wrong on the finances then, as I had read on how Twitter was sinking in debt and Elon didn't know how bad it was, hence the firing. I thought most of t
by hereme888 3y ago
I may be wrong on the finances then, as I had read on how Twitter was sinking in debt and Elon didn't know how bad it was, hence the firing. I thought most of the money came as investments from companies/people.
Re: GFY: I think it will play out well in the long term, because he verbalized people's real sentiments, and companies will advertise where people are/browse. Twitter's organic traffic is now off the charts afaik.
- Topfi 3y ago> how Twitter was sinking in debt and Elon didn't know how bad it was Twitter was a public company back then, meaning their finances (till the company was taken private) were publicly disclosed. That information was accessible to Elon Musk, anyone working for him, and even regular investors such as myself.
- rsynnott 3y ago> I may be wrong on the finances then, as I had read on how Twitter was sinking in debt and Elon didn't know how bad it was, hence the firing. I thought most of the money came as investments from companies/people. Where on earth did you read that? Like, I mean, (a) it’s not correct (it has a lot of debt now due to debt taken out as part of the leveraged buyout, but it didn’t before) and (b) it _could not be correct_; Twitter was a public company! Musk absolutely knew its financial situation before the takeover, or at least had no excuse for not knowing it. Anyone could just look that up; it’s part and parcel of being a public company. Is there some sort of Musk fanfiction financial news website that publishes this stuff or something? Anyway, wherever you read that, I would be _extremely_ sceptical of anything else it writes, if I were you.