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Musk tries to claw back $90M from firm that forced him to complete Twitter deal.

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[-] miket@lemmy.world 9 points 1 year ago

Remember that Musk didn't use his own money to buy Twitter, he had to borrow money with banks and other rich folks to buy the company.

In other words, Twitter or X, or whatever the name is actually due to start paying their debt interests and rumors are, they're close to a billion dollar each year for just interests alone.

Twitter has to make more than a billion dollar or so to even start paying salaries and then to make any profit.

this post was submitted on 09 Jul 2023
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