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A comment on Confirmed: Twitter switched temporarily to rate limited mode. Parent comment

Re:Confirmed: Twitter switched temporarily to rate limited mode by thomassmith65 on Saturday July 01, 2023 @04:01PM (#36554459)
My impression was that he bought Twitter for the reasons you say, but failed to predict the dip in the market that followed it.

If Twitter stock hadn't sunken immediately like a stone, he probably would have pulled it off, too, even after the signing the agreement.

If indeed the Twitter deal was manipulation to leave poorer investors holding the Tesla bag, it's hard to feel sorry for him.

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Re:Confirmed: Twitter switched temporarily to rate limited mode by kevingadd on Saturday July 01, 2023 @04:25PM (#36554751)
It seems like loading Twitter up with debt servicing was always a bad idea, stock dip or not, considering what its revenues were like. It wasn't in great shape before but the amount of money it now has to spend servicing debt is a nightmare for anyone trying to make that company profitable. His strategy for buying it simply doesn't make sense.
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Re:Confirmed: Twitter switched temporarily to rate limited mode by fundad on Saturday July 01, 2023 @07:49PM (#36556562)
I think the influence is more important than revenue
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Re:Confirmed: Twitter switched temporarily to rate limited mode by Beldin on Sunday July 02, 2023 @04:07AM (#36559374)
Not if the endgoal is to arrive at a profitable version of Twitter, no.

So maybe that's not the goal. Or maybe it is but the CEO is vastly more incompetent than those underwriting his bid anticipated.

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