Musk’s Twitter Purchase Was a Leveraged Buyout

Hacker News

Realest
Joined
Sep 15, 2022
Messages
58,294
Reaction score
14
BC
฿0
Dividends
0
Some people are giving Musk a pass for today’s layoffs because Twitter is unprofitable and needs to cut costs. But the real pressure for cost cutting and the layoffs is that Musk purchased Twitter via a leveraged buyout. He loaded the company with $10B of additional debt and now is facing annual $1B interest payments. The dramatic layoffs with no severance are thus the result of Musk’s decision to buy the company and the acquisition strategy of using a leveraged buyout.



Comments URL: https://news.ycombinator.com/item?id=33469493

Points: 89

# Comments: 34

Continue reading...
 
  • :)
  • :trolljak:
  • :yb:
  • :thumbsupsoyjak
  • :meds:
  • :cigar:
  • :soy4:
  • :babysoyjak:
  • :blacksoyjak:
  • :wepa:
  • :devioussoyjak:
  • :closedeyedsoyjak
  • :neutralsoyjak:
  • :songus:
  • :soy3:
  • :soyddit:
  • :itsover:
  • :tunes:
  • :jfl:
  • :wat:
  • :shrek:
  • :soy:
  • :sand:
  • :bateman:
  • :real:
  • :peat:
  • :qrn:
  • :feelsuhh:
  • :macaco:
  • :ohreally:
  • :rnc2:
  • :soy2:
  • ;)
  • :(
  • :mad:
  • :confused:
  • :cool:
  • :p
  • :D
  • :eek:
  • :oops:
  • :rolleyes:
  • o_O
  • :cautious:
  • :censored:
  • :cry:
  • :love:
  • :LOL:
  • :ROFLMAO:
  • :sick:
  • :sleep:
  • :sneaky:
  • (y)
  • (n)
  • :unsure:
  • :whistle:
  • :coffee:
  • :giggle:
  • :alien:
  • :devilish:
  • :geek:
  • :poop:
  • :ninja:

Users who are viewing this thread

Top