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.
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.