this post was submitted on 18 Dec 2023
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[–] oDDmON@lemmy.world 5 points 11 months ago (1 children)

In the US, controversy over extremist material appearing on the site has led to an advertising boycott, a bitter row between Mr Musk and a campaign group, and even…

Please, Lord, let it be true!

questions about whether X could end up going bankrupt.

[–] xmunk@sh.itjust.works 8 points 11 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.