Here’s a pretty cool site that I think illustrates the original point that they were in decent financial shape
- 0 Posts
- 5 Comments
Joined 2 years ago
Cake day: June 28th, 2023
You are not logged in. If you use a Fediverse account that is able to follow users, you can follow this user.
Lmao, I mean, it indisputably was. Objective facts exist. It was a publicly traded company so there is plenty of professional financial analysis available on the subject which you could easily access if you wanted to. Some of it even written at a level you could potentially understand.
Or just continue on wallowing in your own ignorance, whatever.
root@socialmedia.failto World News@lemmy.ml•Twitter to ditch bird logo, Musk saysEnglish221·2 years agoYeah there is a reason, the reason is because his dumbass offered more than twice what the company was worth.
Lots of tech companies operate at slightly under profitability. They were doing fine.
Twitter was doing fine financially before Musk bought it. He paid more than twice what it was worth and he used loans to do it, that’s what this is all about.
The only problem that can’t be solved by adding a layer of abstraction - too many layers of abstraction.