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by worrycue
1032 days ago
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> While Elon is the only one with the intuition to bail out a company as large as Twitter What intuition? Wasn’t he forced to buy Twitter by the SEC? He bought it at 4x the valuation - Twitter’s ex-shareholders made it out like bandits. Now he is losing money hand over fist thanks to Twitter - as Twitter’s ad revenue has dropped due to his changes (and big mouth) and he is paying to the tune of 1 billion USD a year in interest from the loan to buy Twitter; Twitter’s yearly income on the best of years have come nowhere close to a billion. |
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