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Ceremus

@malwaretech
Musk's leveraged buyout meant the company was on the hook to pay a debt bill of $1 billion every year just to keep the lights on. Twitter had only been profitable two years in its entire operation, in the before-times when ad revenues hadn't fallen across the board and the company's reputation was better than dog vomit. The way things have been going I'll be surprised if the company isn't repossessed by the banks before the end of the year.

1 comment
Ceremus

@malwaretech
I highly recommend this video from Qualia Redux, a former professional accountant, if you'd like to see the number breakdowns.
youtube.com/watch?v=zYg0remH-D

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