• TWeaK
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    1 year ago

    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.

    • Tygr@lemmy.world
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      1 year ago

      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.