Re:Twitter Office Supply Auction
by lazide on Saturday December 10, 2022 @10:28AM
(#33933391)
Most of this mess just seems like a bizarre distraction.
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It is shocking how entirely unnecessary it all has been.
There’s no reason for the whole situation. The company is in a bad spot now.
I think it’s because the company wasn’t very profitable and has low growth.
Re:Twitter Office Supply Auction
by plastiquebeech on Saturday December 10, 2022 @09:13PM
(#33939331)
They were barely keeping their heads above water, but the interest payments on their new loans was like tying cinder blocks to their feet.
It amazes me that the world's richest man was able to buy this company with a bunch of borrowed money, and saddle the company with the debt rather than himself. If he actually cared about Twitter's financial health, you have to figure he would have bought it outright. He has the money.
They were not in great shape, but they’re now in substantially worse.