According to a new report, Musk ordered his staffers to work 12-hour shifts seven days a week to meet newly implemented deadlines to overhaul the platform.
Unsure. Maybe he will destroy it, maybe this is like a bailout. Some liberals suggest he overpaid for Twitter. I am unsure if that is copium or not, but he may have accidentally saved it from dying.
I just read that Twitter lost $ 1B in 2020 and “only” a quarter of that in 2021. I’m sure we have different ideas than libs about how a company should be valued, but no way we’re all coming up with $45B for a company bleeding money.
It gets worse though. Since a big part of Musk’s purchase was financed with debt there’s an additional $1B per year of debt service that Twitter now needs to pay. So there are really three basic ways this goes, either it dies a slow horrible death, he somehow magically finds some people who are able to successfully monetize it and stem the user exodus, or his US government and ruling class buddies pump in a bunch of cash to keep it solvent because they need Twitter for psyops and propaganda.
Imo he bought it just to have his own social media platform. What is a billionare today without one? And since he cannot make anything even with all his cash and people working for him, he just bough something big and famous, like a true failson he is.
Unsure. Maybe he will destroy it, maybe this is like a bailout. Some liberals suggest he overpaid for Twitter. I am unsure if that is copium or not, but he may have accidentally saved it from dying.
I just read that Twitter lost $ 1B in 2020 and “only” a quarter of that in 2021. I’m sure we have different ideas than libs about how a company should be valued, but no way we’re all coming up with $45B for a company bleeding money.
It gets worse though. Since a big part of Musk’s purchase was financed with debt there’s an additional $1B per year of debt service that Twitter now needs to pay. So there are really three basic ways this goes, either it dies a slow horrible death, he somehow magically finds some people who are able to successfully monetize it and stem the user exodus, or his US government and ruling class buddies pump in a bunch of cash to keep it solvent because they need Twitter for psyops and propaganda.
Imo he bought it just to have his own social media platform. What is a billionare today without one? And since he cannot make anything even with all his cash and people working for him, he just bough something big and famous, like a true failson he is.