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Don't think it was going to zero anyway. They only had to worry about servicing their debt, they were doing well other than that. And even then they were probab
by DoesntMatter22 3mo ago
Don't think it was going to zero anyway. They only had to worry about servicing their debt, they were doing well other than that. And even then they were probably fine.
- munk-a 3mo agoI am not certain what financials you were looking at but Twitter was unable to ever meet the debt servicing costs for the leveraged buyout alone. It also had overhead costs and other debts that were entirely out of scope for being covered.
- DoesntMatter22 3mo agoThe latest Bloomberg reports before the xai merger/acquisition showed a dramatic turn around in their financial situation. In the beginning it wasn’t good but they would have been fine after that. There are no credible reports to the contrary