Topic: Where would Twitter go after its takeover by Elon Musk ? - page 5. (Read 1261 times)

The debt is 13 billion, not 36, but the key here is that Elon created it via his leveraged buyout bullshit. Before the acquisition Twitter had a lot less debt and manageable interest payments. Now it has to make extra 1.2 billion per year just to break even. I doubt that's possible with that clown in charge.

There are one billion and 200 million dollars in annual interest on the loans, which amounted to 36 billion dollars, or almost three quarters of the value of the deal. Elon Musk, no matter how rich he is, will not be able to continue financing a platform that will lose all his life.

Elon Musk acquired Twitter about two weeks agao and Twitter has been All the news everywhere. His bold moves of firing a big portion of staff, changing major Twitter features and making more modifications are spurring waves of controversy. His supporters and adversaries are quite in fights. Where will Elon Musk lead Twitter ? Is Twitter heading to a wrong direction ?

When I anticipated Twitter's demise, I had not factored in the employees packing up their bags and leaving the company to rot now that they had to actually do work instead of being paid to chat. I can only assume this will accelerate the downfall.

Elon Musk succeeded in laying off thousands of Twitter employees by half, and promised the rest to change the working pattern with additional hours and reduce many privileges. He also made a proposal to sell the verified accounts badge to increase the company's resources.

It is clear here that Elon Musk is really seeking to increase the income of the company in which he paid that huge amount.

Reports indicate that the company has not achieved annual profits since 2010, except for the years 2018 and 2019, and its loss reached one billion and 300 million dollars in 2020. The company was actually losing, and Elon Musk was involved in its purchase if he did not intend to propose amendments in the interest of the company's profits . The old owners of the company were happy with Elon Musk's offer, and when he announced his withdrawal, they sued him, and this proves that the company was not of the size on which its price was evaluated. Now everyone is waiting for the amendments that Musk will add to achieve more profits, because he is still required to pay the interest of the loans he borrowed to complete the deal.
There are one billion and 200 million dollars in annual interest on the loans, which amounted to 36 billion dollars, or almost three quarters of the value of the deal. Elon Musk, no matter how rich he is, will not be able to continue financing a platform that will lose all his life.

From December 22, 2021, until the expiration of 18 months thereafter, (the “TMTG Social Media Exclusivity Term”), President Trump has agreed to first channel any and all social media communications and posts coming from his personal profile to the Truth Social platform before posting that same social media communication and/or post to any other social media platform that is not Truth Social (collectively, “Non-TMTG Social Media”) until the expiration of “DJT/TMTG Social Media 6-Hour Exclusive” which means the period commencing when DJT posts any social media communication onto the Truth Social Platform and ending six (6) hours thereafter; provided that he may post social media communications from his personal profile that specifically relates to political messaging, political fundraising or get-out-the vote efforts at any time on any Non-TMTG social media platforms. Unless notice is given, the TMTG Social Media Exclusivity Term extends in perpetuity for additional 180-day terms. In the event of a force majeure as described in the License Agreement that lasts longer than 30 days, President Trump shall have the right to invoke the suspension of the “DJT/TMTG Social Media 6-Hour Exclusive.” If the Social Media Exclusivity Term were to expire but the License Agreement remained in effect, President Trump would be required to post contemporaneously to TruthSocial and Non-TMTG Social Media.

Orange Hitler's account has been reinstated! They wiped all of his followers through.

https://twitter.com/realdonaldtrump

IIRC Trump said he would stay on Truth Social, but if he wants his Presidential campaign to gain any sort of traction at all, he needs Twitter (which is slightly ironic considering, IMO, he lost the 2020 election due to his rampant unhinged tweets.) He needs to tone just slightly.

Lots of people are blaming Musk - but i think people are selfish too. They would only look for money and nothing more nothing less.

When the company is failing people leave and when company is progressing people rush to them - 3/75 engineers have bright future - mark my words. These 3 engineers are smarter than 72 engineers.

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From December 22, 2021, until the expiration of 18 months thereafter, (the “TMTG Social Media Exclusivity Term”), President Trump has agreed to first channel any and all social media communications and posts coming from his personal profile to the Truth Social platform before posting that same social media communication and/or post to any other social media platform that is not Truth Social (collectively, “Non-TMTG Social Media”) until the expiration of “DJT/TMTG Social Media 6-Hour Exclusive” which means the period commencing when DJT posts any social media communication onto the Truth Social Platform and ending six (6) hours thereafter; provided that he may post social media communications from his personal profile that specifically relates to political messaging, political fundraising or get-out-the vote efforts at any time on any Non-TMTG social media platforms. Unless notice is given, the TMTG Social Media Exclusivity Term extends in perpetuity for additional 180-day terms. In the event of a force majeure as described in the License Agreement that lasts longer than 30 days, President Trump shall have the right to invoke the suspension of the “DJT/TMTG Social Media 6-Hour Exclusive.” If the Social Media Exclusivity Term were to expire but the License Agreement remained in effect, President Trump would be required to post contemporaneously to TruthSocial and Non-TMTG Social Media.