Hacker News new | past | comments | ask | show | jobs | submit login

Why can't it happen?

Twitter has $13bn in debt on its balance sheet thanks to the ridiculous purchase price. Last week's bond payment of $300m is on its own, half of what their total net debt was pre-Musk ($600m)[0].

Twitter's revenue last year was $5bn. In a year's time it will probably be a fraction of even that; Twitter's user base isn't growing and isn't going to magically become more valuable in an economy where advertisers are cutting back on spending.

[0] https://www.wsj.com/articles/how-elon-musks-twitter-faces-mo...




Consider applying for YC's first-ever Fall batch! Applications are open till Aug 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: