ST Alpha - "FWIW, I find it comical (if not in fact prescient) that Twitter must pay over a billion dollars in interest annually since the leveraged buyout." (Reading a Post)

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In response to "musk is accusing apple of hating free speech because they've mostly stopped advertising on twitter. isn't *not advertising on twitter* an expression " by judge amanda jones

FWIW, I find it comical (if not in fact prescient) that Twitter must pay over a billion dollars in interest annually since the leveraged buyout.

Posted by Mop (aka rburriel) Nov 28 '22, 13:37

Musk used Twitter as the asset for his leveraged buy out (I mean, by that logic, I can buy any company I want, so long I then use that company as the asset that the bankers use for leverage). But since Twitter isn't profitable, there's no way he can make that 1st year's loan payment without raising massive capital. One way he tried was to sell the blue checkmarks, which made him maybe a few million bucks, which didn't move the needle. But also cost him most of his advertisers, which does move the needle... the wrong way.

I call it prescient but I'm not ruling out the theory that Musk bought Twitter to destroy it.

Responses:

I am planning to continue describing it as a murder. -- nm - Beryllium Nov 28, 13:52
it wasn't an LBO, which was why he had to sell his Tesla stock to fund his end -- nm - hollywood big shot Nov 28, 13:39 3
- and the banks that didn't pull their financing had to come up with a fakakta scheme to get repaid (maybe) for their $13b -- (link) - hollywood big shot Nov 28, 13:49 2
  - article is locked - Lafarrow Nov 28, 14:12 1
    - here, fish for a day - hollywood big shot Nov 28, 14:24

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FWIW, I find it comical (if not in fact prescient) that Twitter must pay over a billion dollars in interest annually since the leveraged buyout.

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