From a financial standpoint, the amount of debt he had to take on to fund the acquisition is pretty massive, and I can’t imagine him being able to make sweeping operational changes in short order to boost revenue. There may even be advertisers less willing to place ads on Twitter because of the perceived outrage this has caused amongst their consumer base (which, to me, is silly. Everyone’s being so dramatic about this shit lol). He’s already heavily focused on Tesla & SpaceX, so I’m not sure where he’ll find the bandwidth to turn things around, if that is in fact his desire. If he has to conduct massive layoffs to backfill those positions with those who better align with his cultural ambitions— good luck with that. I mean, sure, the likes of Meta are undergoing hiring freezes but it’s not as if there’s a glut of tech talent— most companies are falling over one another to hire top talent. But back to the financial aspect: Twitter will have about $1bn in interest payments due annually after this buyout, while it’s cash flows are projected to be $1.4bn this year, so they’re going to be cash-strapped. And if your argument is he’s doing this for lolz and shits and giggles, then it’s a *really* bad move and a really expensive one at that. Frankly, I think Parag is the winner in this one if he gets a sweet $42M payout upon being fired. Guy can live it up and not have to worry about achieving 325M DAUs by the end of 2023, among many other tall orders. What am I missing? TC: $285k
he now controls the global narrative
I don't think people truly realize what Twitter does, but you do.
Network collapse is also a threat. Global narratives might not last if people don’t trust the man behind the curtain.
If he's smart he'll hire a CEO that aligns with his vision and be fairly hands off other than to set policy
Wow maybe you should be Elons personal advisor. You definitely thought this through way more than him.
Lol 😂
It is called a fuck you money. He obviously doesn't care about losing some billions.
Fuck you money is buying a 2m yacht. This is fuck anyone and everyone simultaneously money. Even if the fuckee in question is a country or whole tech company.
After all, what's the point of fuck you money if you don't get to say fuck you to your haters?
Elon buying Twitter is a bad deal for humanity. He shouldn’t have bought Twitter and instead continued to focus his time on spacex and Tesla. Now the cesspool that Twitter is will eat up more than 30% of his time.
Free speech is worth it.
Lol, by free speech you mean lying, manipulating, scaring people? Whoever does that should have some consequences.
Did he tell you he’s heavily focusing on Tesla and SpaceX and got bandwidth issues? Just curious
I second this post. I was reviewing the 10K report and what Twitter is financially going through does not make this a good investment. Maybe it’s a channel for him to promote Tesla and other related products. Or maybe he’ll pull a Jeff Bezos like Washington Post to control narrative on specific policies regarding climate or EV products. Whatever the outcome, I won’t hold my breath considering the amount of work he’s investing in SpaceX. I’m curious who’ll be hired as president of Twitter to implement Elon’s laundry list.
I'll do it
Parag got 42.0M?? Wow.
Not yet , soon though, once he is ousted
420
It's only 40b and Elon doesn't care. He can take it public again and get his followers to buy up all the stock lol.
lol