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by raydev 1315 days ago
Twitter's interest burden wasn't this ridiculous as a public company, and they make $1bil/quarter on average (well, they were before Musk ran away advertisers). When you say "money pit" I imagine investors dumping in cash to make up for low revenue, and this hasn't been the case for years.

Musk's purchase, as you may know, increased Twitter's interest burden, so now Twitter is losing $4mil/day.

In the absence of Musk holding the company hostage from April to November, yes, of course Twitter would have to make some cuts like so many others who've had a drop in revenue.

But there's no reason to believe they would have cut the estimated 50-55% that Elon has.

edit: And now there's impact of this decision: of those who didn't get cut, how many will decide this isn't a healthy environment to work in?