Re:Musk’s First Email to Twitter Staff Ends Remote Work
by notinfuriated on Thursday November 10, 2022 @04:14PM
(#33553473)
Would you mind explaining this a bit further? I'm out of the loop here and don't know anything about Twitter's costs before or after Musk's purchase.
Re:Musk’s First Email to Twitter Staff Ends Remote Work
by klyrs on Thursday November 10, 2022 @04:20PM
(#33553530)
He had to take out a giant loan to afford the purchase (debt financing), which twitter needs to pay about $1B a year to service. Twitter wasn't getting anywhere near that in profit.
Re:Musk’s First Email to Twitter Staff Ends Remote Work
by notinfuriated on Friday November 11, 2022 @11:40AM
(#33563006)
Ah, didn't realize this about the $1B/year. Thanks!
Re:Musk’s First Email to Twitter Staff Ends Remote Work
by input_sh on Thursday November 10, 2022 @07:54PM
(#33556009)
Twitter had like two profitable quarters in its existence and now on top of the usual operating costs they have to be profitable enough for 1 billion/year debt repayment.
If I'm being very generous, I'd give Twitter 6 more months.
I mean, the massive increase in cost is a result of Musk's debt purchasing Twitter.