I agree that Twitter will be around in some form for years to come. The real question is how long will Musk be involved. He paid 3 or 4 times what Twitter was worth. As a result Twitter highly leveraged. Reportedly, the interest alone is a billion dollars a year. Twitter has never made much money and loses money most years.
I agree that Twitter will be around in some form for years to come. The real question is how long will Musk be involved. He paid 3 or 4 times what Twitter was worth. As a result Twitter highly leveraged. Reportedly, the interest alone is a billion dollars a year. Twitter has never made much money and loses money most years.
This is occurring at the worst possible time for Musk. Tech stocks are down. Tesla's stock price is in free fall. Tesla has always served a niche market. Now that EVs are poised for a breakout, every car maker in the world is making them. That's a lot of competition for Tesla, which produces over priced cars of dubious safety and reliability. (I would never buy one)
Bankruptcy seems to be the most likely outcome for Twitter. It will be sold for pennies on the dollar.
P.S. Is Elon Musk still the richest man in the world? His wealth has taken a big hit in 2022.
I agree that Twitter will be around in some form for years to come. The real question is how long will Musk be involved. He paid 3 or 4 times what Twitter was worth. As a result Twitter highly leveraged. Reportedly, the interest alone is a billion dollars a year. Twitter has never made much money and loses money most years.
This is occurring at the worst possible time for Musk. Tech stocks are down. Tesla's stock price is in free fall. Tesla has always served a niche market. Now that EVs are poised for a breakout, every car maker in the world is making them. That's a lot of competition for Tesla, which produces over priced cars of dubious safety and reliability. (I would never buy one)
Bankruptcy seems to be the most likely outcome for Twitter. It will be sold for pennies on the dollar.
P.S. Is Elon Musk still the richest man in the world? His wealth has taken a big hit in 2022.
He can join Alex Jones in court.