▲ 472 ▼ Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’ (www.cnbc.com) submitted 3 years ago by MicroWave@lemmy.world to c/news@lemmy.world 74 comments fedilink hide all child comments
[–] TWeaK@lemm.ee 3 points 3 years ago (1 child) You don’t buy a heavily liberal swayed network and flip it heavily conservative. That was never the point. The point was that it would either change, or die from the $13bn debt the purchase saddled Twitter with. Musk paid $26 bn, underwritten by Tesla stock. $5 bn was from other investors, including a Saudi prince. $13 bn was a loan Twitter took out to buy itself on Musk's behalf. The "heavy debt" that drives Twitter's cashflow into the negative is a direct result of the purchase. permalink fedilink source parent hideshow 2 child comments replies: [–] Tygr@lemmy.world 0 points 3 years ago (2 children) I have to disagree because I feel “the point” is profitability. My comment shows a direct issue with profitability when liberal-swayed advertisers have to exit because of a network’s new direction. I do understand your argument though. That’s another massive layer that will be impossible to overcome. permalink fedilink source parent hideshow 4 child comments replies: [–] TigrisMorte@kbin.social 6 points 3 years ago "liberal-swayed advertisers" citation required permalink fedilink source parent [–] FlyingSquid@lemmy.world 3 points 3 years ago Are they "liberal-swayed" or do they just not want their ads appearing next to posts calling for the death of Jews? permalink fedilink source parent
[–] Tygr@lemmy.world 0 points 3 years ago (2 children) I have to disagree because I feel “the point” is profitability. My comment shows a direct issue with profitability when liberal-swayed advertisers have to exit because of a network’s new direction. I do understand your argument though. That’s another massive layer that will be impossible to overcome. permalink fedilink source parent hideshow 4 child comments replies: [–] TigrisMorte@kbin.social 6 points 3 years ago "liberal-swayed advertisers" citation required permalink fedilink source parent [–] FlyingSquid@lemmy.world 3 points 3 years ago Are they "liberal-swayed" or do they just not want their ads appearing next to posts calling for the death of Jews? permalink fedilink source parent
[–] TigrisMorte@kbin.social 6 points 3 years ago "liberal-swayed advertisers" citation required permalink fedilink source parent
[–] FlyingSquid@lemmy.world 3 points 3 years ago Are they "liberal-swayed" or do they just not want their ads appearing next to posts calling for the death of Jews? permalink fedilink source parent