Re:Twitter launches blue check for $7.99 monthly fee
by shagmin on Saturday November 05, 2022 @06:26PM
(#33486573)
According to [0] Elon's debt that he's brought to the table alone is costing approximately $1 billion/year, which is $2.7 million/day... So I guess that's most of it.
https://qz.com/here-s-how-many-blue-checks-elon-musk-would-n...
Re:Twitter launches blue check for $7.99 monthly fee
by DoesntMatter22 on Saturday November 05, 2022 @06:27PM
(#33486579)
They were running a 500 million dollar a year loss before Elon bought so 1.5 million a day roughly. Then 2 mil for debt and half a mil in advertising loss I would guess
Re:Twitter launches blue check for $7.99 monthly fee
by stefan_ on Saturday November 05, 2022 @06:27PM
(#33486583)
See the debt commitment letter (search for "The interest rates under the Bank Facilities"):
https://s3.documentcloud.org/documents/22128214/exhibit-2-to...
Rough math for $13B at a SOFR of 3% plus 4.5% and you get a nice billion a year of interest, some $2.7M a day.
Re:Twitter launches blue check for $7.99 monthly fee
by trident5000 on Saturday November 05, 2022 @06:26PM
(#33486568)
the astroturfing of whatever this site is has been pretty cringe
Re:Twitter launches blue check for $7.99 monthly fee
by colinsane on Saturday November 05, 2022 @06:59PM
(#33486848)
browsing their feed it feels like a bunch of legitimately new users (which sure, can look cringe if they post without understanding the norms). what astroturfing are you seeing?
https://ioc.exchange/@alaric/109288546893776528
(Yes, that is a Mastodon link)