| ▲ | wmf 4 hours ago |
| That was the point of the bailout. Twitter is already a rounding error so no one will notice if it goes to zero. |
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| ▲ | DoesntMatter22 4 hours ago | parent [-] |
| Don't think it was going to zero anyway. They only had to worry about servicing their debt, they were doing well other than that. And even then they were probably fine. |
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| ▲ | munk-a 4 hours ago | parent [-] | | I am not certain what financials you were looking at but Twitter was unable to ever meet the debt servicing costs for the leveraged buyout alone. It also had overhead costs and other debts that were entirely out of scope for being covered. | | |
| ▲ | DoesntMatter22 3 hours ago | parent [-] | | The latest Bloomberg reports before the xai merger/acquisition showed a dramatic turn around in their financial situation. In the beginning it wasn’t good but they would have been fine after that. There are no credible reports to the contrary |
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