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
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.