• root@socialmedia.fail
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    1 year ago

    Twitter was doing fine financially before Musk bought it. He paid more than twice what it was worth and he used loans to do it, that’s what this is all about.

    • atomWood@lemm.ee
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      1 year ago

      Twitter has never really been a financially viable company. They were losing money year after year. That’s not what I would call financially stable. There’s a reason they did everything they could to force Musk to buy it when he tried to back out.

      • root@socialmedia.fail
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        1 year ago

        Yeah there is a reason, the reason is because his dumbass offered more than twice what the company was worth.

        Lots of tech companies operate at slightly under profitability. They were doing fine.

    • UnverifiedAPK@lemmy.ml
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      1 year ago

      Twitter was doing fine financially before Musk bought it.

      No it wasn’t 😂

      He just lit a sinking ship on fire, yes it’s worse but it was bad before too.