Twitter CEO Linda Yaccarino has not tweeted publicly about the delay.
But Musk has. It’s clear who is running things.
She is giving Tom Wambsgans with Lukas Matsson, human punching bag vibes.
the dead bird looks like sonic the hedgehog
In July, Musk tweeted about Twitter / X’s financial situation, saying, “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load.”
Advertising could be up two fold for all it matters. You sack a company that last turned an annual profit in 2019 with $44B in debt, it won’t matter if Musk is shitting gold bricks. You can’t pay that size of debt off fast enough. To just get started on that debt Musk would need to make Twitter twenty times more profitable than their 2019 profit. And even then that debt is going to be a monkey on his back for forty years in ideal conditions.
That $44B isn’t chump change for Twitter, like maybe if Tencent took a sudden $44B debt they’d make good on it, but they’re wildly profitable. Twitter barely gets by and has only gone on this long because of the Tech Bro funding that all but dried up when the interest rates were going up.
I can’t wait to see how his offer to pay people’s legal bills who get in trouble at work for saying problematic shit on his platform works out
Twitter wasnt saddled with 44B in debt, That was the purchase price, which included $13B in debt
only chance is if they go hardware i think (edit: have any of you heard of diversification)
You know how some companies make vibrating dildos? Twitter should do that.
You know, like the Gavin Belson Signature Box III.
Hardware? Hardware was never profitable. It’s a gateway to spending more money on proprietary software.
Why don’t Elon and Donald pay their bills?
They were both born wealthy so it would be pretty stupid to listen to them explaining how to get rich, unless you were also born wealthy.
All you have to do is make coffee at home, don’t eat avocado toast and work 25 hours a day. That way you can become a billionaire too.
If you’d be born wealthy, it would be pretty stupid to listen to them explaining how to get rich, unless you want to piss away your and your daddy‘s money. Elon hasn’t made it quite the way (but he is getting there), but Trump Sr. must be very disappointed.
