Re:Notice of termination of Twitter merger agreement
by achow on Saturday July 09, 2022 @04:08AM
(#32032989)
Twitter cash on hand for the quarter ending March 31, 2022 was $6B
https://www.macrotrends.net/stocks/charts/TWTR/twitter/cash-...
Re:Notice of termination of Twitter merger agreement
by bsaul on Saturday July 09, 2022 @08:43AM
(#32034535)
How is twitter getting so much cash ? Are the ads on twitter earning them that much ?? Or is it cash they got from raising funds ?
Re:Notice of termination of Twitter merger agreement
by HWR_14 on Saturday July 09, 2022 @10:49AM
(#32035585)
You can see Elon sold something like $8-$12 billion in TSLA stock in the past few months. Assuming it didn't get spent on SpaceX or somewhere else (it was supposed to be used for the Twitter buyout) he has more cash than Twitter. But that doesn't really matter, at a certain point the amount they spend in legal services will reach such diminishing returns that it's not worth it.
I realise Elon is a bigger fish but he is a highly leveraged and constrained one…if anyone has more insight into this dynamic I’d interested to hear it