Re:Twitter set to accept Musk's $43B offer – sources
by dhc02 on Monday April 25, 2022 @11:03AM
(#31155871)
The money he's secured is mostly loans, not venture capital, so that sort of pressure to grow or pad numbers should indeed be diminished.
Re:Twitter set to accept Musk's $43B offer – sources
by randcraw on Monday April 25, 2022 @05:57PM
(#31161250)
Bloomberg mentioned two loans to cover the shortfall in his equity swap (one external and one drawn on his Tesla stock), with annual interest payments in the ballpark of $1B each. So Twitter's take home pay just lost $2B of the $4B it nets annually. Losing further market share by re-engineering retweet algorithms to be kinder/gentler looks like a better bet to bury Twitter than raise it.
But mature media giants are supposed to lose money, right?
Re:Twitter set to accept Musk's $43B offer – sources
by SuoDuanDao on Monday April 25, 2022 @11:31AM
(#31156286)
"one of the most expensive acts of individual hubris in history" is what people have been saying about everything Elon does for a while now.
Mostly, I think this is going to end up being one of the most expensive acts of individual hubris in history. It's strange from someone whose other notable projects have such clear goals. "Moar free speech lmao" doesn't sound measureable, let alone achievable while also making bank.