Technology

59148 readers

2372 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

965

Usage Of Elon Musk’s X Dropped 30% In The Last Year, Study Suggests (www.forbes.com)

submitted 8 months ago by [email protected] to c/[email protected]

133 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 8 months ago* (last edited 8 months ago)

Twitter has 1.3 Billion / in interest payments alone as it took on $13,000,000,000 in debt for the honor of being bought out by Elon Musk.

The owners of that debt have been quaking in their boots all last year. As Bankruptcy proceedings would make them the new owner of Twitter.

Note that Twitter made $5 Billion revenue on its best year, and that's likely halfed or worse.

EDIT: $5 Billion revenue on its best year. Far less today and you still have all the OTHER costs going on. I'm sure Elon will prop up Twitter with Tesla ads or something but Twitter cannot stand by itself anymore.