Hacker News new | ask | show | jobs
by superfrank 1060 days ago
Based on the most recent estimates of Twitter's value, Musk has already train wrecked 10s of billions of dollars.

You mention that Twitter isn't that fundamentally different and from a product perspective, and I would mostly agree, but their finances are WAY worse than they were pre-Musk. The company has lost something like 50% of ad revenue, they've saddled themselves with something like an extra $1B dollars a year in debt payments from the buyout, and they're facing a number of large lawsuits based on how they handled layoffs.

1 comments

> Musk has already train wrecked 10s of billions of dollars.

Why would a user of the site/app care about this? How is it impacting their experience?

I never made the claim that a user should. The guy I was replying to said "Musk isn't going to train-wreck 10s of billions" and I was responding to that.
It doesn’t usually matter to the user “why” a product is no longer appealing.

Financial woes though will usually produce change that impacts the user, for better or worse (a good kick in the ass, or craven desperation may follow).

Why are you asking that like someone suggested it? This was a reply to a specific claim.
I read the replies oas being in the context of the first comment they were under. It wasn't clear to me that the context changed.
Because if the site isn't making money, it's not sustainable. Unless musk wants to run it from his pocket money.
It will certainly impact my experience when Musk gets tired of losing money and sells the husk to some grifter or Verizon.