Elon Musk and Twitter

[Master]

The world's richest man Elon Musk bought Twitter for $44bn (£36.3bn) last month. He has sacked 80% of his staff and vastly overpaid for the company.

How will he not become bankrupt?

Liverpool FC and Manchester United would have been better deals.

[palmerq]

He's bungled that one, he's getting pretty weird too, possibly he's trying to sink it right now so he can buy the debt back from the Banks on the cheap and relocate and remake it with way less running costs?

[NoSavingByTheBell]

LOL you guys are living in a delusional world

[palmerq]

Why? Twitter is losing a lot of money and many advertiser have pulled out, something odd is going on, the Tesla stock has taken a whack from all this too, he's lost a lot of value.

[Spicoli]

Could be his own little version of the Capital. He's fine with burning it down if he gets to be seen laughing loudest from the ashes. Elon paid into his new toy and it really is all about being the "the" for him. Twatter can be a shitshow on its best day and ol Elon is fine with stuffing paper towels down the bowl . He should be more concerned with his side gig in giant size RC Car production.

[Beanz]

LOL you guys are living in a delusional world

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[Beanz]

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[Beanz]

The world's richest man Elon Musk bought Twitter for $44bn (£36.3bn) last month. He has sacked 80% of his staff and vastly overpaid for the company.

How will he not become bankrupt?

Liverpool FC and Manchester United would have been better deals.

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[Kirkland Laing]

This is absolutely mad. He's borrowed a chunk of money to fund the company buyout and has a billion dollars a year vig. Half of the top hundred advertisers have stopped advertising and that's over a billion a year and likely to increase. So he's two billion a year down and twitter make ninety percent of their revenue from advertising and advertisers are fleeing and what does he do? Starts conversing with various Nazis on the board who hadn't been banned:

https://talkingpointsmemo.com/edblog...n/Zs4zc5BXA9Et

You can just scroll for the screenshots.

And this article misses out one guy who had been ranting that the people in the gay club that got shot recently had it coming and gay people could only expect this kind of violence to continue because they're a bunch of groomers. The next day Musk is exchanging twitter messages with him. And now apparently next week he's going to let all the people Twitter had previously banned back. So racists, Nazis, online stalkers and various other scumbags. Advertisers must be all heading for the exits soon. Maybe he's having some kind of mental event. He's personally on the hook for tens of billions here and he's pulling this shit.

[Kirkland Laing]

I should point out that Twitter don't make money. They're not some massively profitable outfit like Facebook. They were just about breaking even when Musk took over and now they're two billion a year down. He's sacked a bunch of staff but it remains to be seen if the thing keeps running he's sacked so many.

[Kirkland Laing]

Also, too:

https://twitter.com/GoodPoliticGuy/s...31169699262467

[TIC]

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