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Elon Musk said over the weekend that Twitter's advertising revenue has fallen by 50% since he bought the company, and that it's not cash flow positive.
Musk didn’t pay $44bn. He paid $26bn, then $5bn was from other investors and the remaining $13bn was a loan Twitter took out to buy itself on Musk’s behalf.
Yay, leveraged buyouts! They totally aren’t used to avoid tax and kill businesses!
Musk didn’t pay $44bn. He paid $26bn, then $5bn was from other investors and the remaining $13bn was a loan Twitter took out to buy itself on Musk’s behalf.
Yay, leveraged buyouts! They totally aren’t used to avoid tax and kill businesses!