this post was submitted on 18 Dec 2023
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[–] [email protected] 8 points 9 months ago

Twitter is inevitably going to go bankrupt. As soon as the leveraged buyout went through, the company was absolutely doomed.

In the best of times, Twitter has been barely profitable - the annual interest due from the company to have the privilege of being bought out by Musk blew way beyond even the most optimistic income numbers.

Leveraged buyouts should seriously be fucking illegal.