News for hackers. Stuff that matters.
Re:“Starting February 9, we will no longer support free acce... by hgsgm on Friday February 03, 2023 @11:33AM (#34643427)
BofA/whoever lent $12B or whatever to Twitter/Elon. Ultimately they have to settle for lower payments or get Tesla stock or whatever, and the debt is cleared. Or it defaults. Either way, Twitter the service has no reason to shut down, and doesn't carry that debt further. Once the debt cost is sunk, what matters is future marginal profitability.
Re:“Starting February 9, we will no longer support free acce... by ndsipa_pomu on Friday February 03, 2023 @01:51PM (#34646041)
I agree. The question then is how much the lenders are willing to settle for or whether it'll need to go through bankruptcy first.