Re:Threads, an Instagram App
by mullingitover on Tuesday July 04, 2023 @12:37AM
(#36582292)
> He’s trying to make Twitter able to pay its own bills.
He could've bought seats on the board to accomplish this through standard shareholder activism. By committing a leveraged buyout and saddling the company with an additional >1 billion a year in added debt payments, while simultaneously driving advertising revenue into the ground, he's basically sent the company on a beeline toward insolvency.
He could've bought seats on the board to accomplish this through standard shareholder activism. By committing a leveraged buyout and saddling the company with an additional >1 billion a year in added debt payments, while simultaneously driving advertising revenue into the ground, he's basically sent the company on a beeline toward insolvency.