The rumours I'm hearing are that EBITDA is now above pre-acquistion. The fact that debt is trading hands without a haircut suggests that's probably accurate.
There was a lot of waste at Twitter. Given that headcount was cut by 80%, and advertisers are returning, I'd suggest it's doing fine.
After reading through your posts its like you live in an alternate reality where Musk's integrity is bulletproof, his decisions are awesome, and he's basically doing it for the rest of us.
I don't know how you can sustain this with everyone throwing reality in your face that he's a short sighted rich kid who lies through his teeth and throws money around until he gets what he wants.
According to https://www.wsj.com/finance/banks-sell-5-5-billion-of-x-loan... earnings are now nearly twice pre-acquisition.
I'm not going to respond to the ad hominem.
It's not waste when those employed have paychecks to spend in the economy. What would Corporate think if half the population of the U.S. were unemployed and/or homeless?
I guess that's fine as long as profits have been maximized.
We work so hard already. We already have such high stress. I do not believe we need to eke out the last %s of profit to pass to shareholders and create crushing stress and work on those remaining.
Then why are you making any argument that it was a success?
> There was a lot of waste at Twitter. Given that headcount was cut by 80%, and advertisers are returning, I'd suggest it's doing fine.
Why would you suggest it's fine? Without knowing their exact costs, debts, revenues, etc. you know _nothing_. Why would you suggest it's doing fine when knowing nothing about it's financial position?
> The rumours I'm hearing are ...
You are literally contradicting yourself in two phrases one after another.
This is one of the few times to listen to Wall Street, since it's not public. https://www.ft.com/content/4f44c0c1-0113-4054-be0b-adc119557...