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Which implies that Twitter's profits were $1.5M/day rather than the $4M/day loss claimed by Musk. Something seems off there but I can't figure out which figure
by NickRandom 4y ago
Which implies that Twitter's profits were $1.5M/day rather than the $4M/day loss claimed by Musk. Something seems off there but I can't figure out which figure most accurately reflects reality. If in fact Twitter wasn't haemorrhaging money it casts a distinctly unpleasant pall on the reasons for the 50% cut to headcount.
- zimpenfish 4y ago> rather than the $4M/day loss claimed by Musk. I suspect he might be shading things - AFAIK they have $4M/day loss now because of the $1bn debt obligation he loaded with the leveraged buyout. Like saying you have to cut your workforce because 3 of your 4 factories burnt down when you set those fires yourself...
- hezralig 4y agoAfter months of trying to get out of the deal he took the equivalent of a pay-day loan, funded by multiple creditors, to complete the acquisition. I am shocked there are as many people here not taking the time to look into the financials of that deal and are assuming Musk is some sort paragon of finance.