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?
But mature media giants are supposed to lose money, right?