11–20 of 164 posts
$1bn, the exact amount of debt interest Twitter now has to pay off after Musk saddled it with so much debt. So much of this feels like such a waste. I don’t have any problem with the idea of someone taking Twitter private in order to fix it. But with this kind of debt financing and with a CEO that doesn’t seem to understand the company (and tried to get out of buying it)…
Buy a company, drastically reduce unnecessary expenses.
$1bn, the exact amount of debt interest Twitter now has to pay off after Musk saddled it with so much debt. So much of this feels like such a waste. I don’t have any problem with the idea of someone taking Twitter private in order to fix it. But with this kind of debt financing and with a CEO that doesn’t seem to understand the company (and tried to get out of buying it)…
Why a waste? Sounds like a smart move? Buy a company, drastically reduce unnecessary expenses.
So either this article is a lie or Elon is just making nonsensical statement to focus attention on what it costs to run Twitter at such a scale. If people don't pay then the functionality will continue to degrade and it's looking like there aren't enough willing buyers for $8/month. The only way Twitter can continue to operate is if the people that actively use the service start paying for it, every other financing option is now closed off and if Elon can't turn it around then I doubt anyone else can.
$1bn, the exact amount of debt interest Twitter now has to pay off after Musk saddled it with so much debt. So much of this feels like such a waste. I don’t have any problem with the idea of someone taking Twitter private in order to fix it. But with this kind of debt financing and with a CEO that doesn’t seem to understand the company (and tried to get out of buying it)…
The risk for Twitter isn’t that it might go down for some periods of time. The risk is that if it starts going down on a regular basis and/or performance is degraded, a competitor could swoop in and clean their clocks. This might be a good time for Google to start Google+ again as an independent product one needs to sign in and create a new account for.
Earlier quoted context omitted.
Why a waste? Sounds like a smart move? Buy a company, drastically reduce unnecessary expenses.
All those unnecessary expenses like content moderation and robust fault tolerant infrastructure.
The risk for Twitter isn’t that it might go down for some periods of time. The risk is that if it starts going down on a regular basis and/or performance is degraded, a competitor could swoop in and clean their clocks. This might be a good time for Google to start Google+ again as an independent product one needs to sign in and create a new account for.
The risk for Twitter isn’t that it might go down for some periods of time. The risk is that if it starts going down on a regular basis and/or performance is degraded, a competitor could swoop in and clean their clocks. This might be a good time for Google to start Google+ again as an independent product one needs to sign in and create a new account for.
To be fair, I don't know if Twitter is overspending on infrastructure, but I would guess there are always places to streamline. You could frankly save a ton of money by re-negotiating commits with Google.
Also, $1B to me shows how insane running a large business in the cloud can be. This is sort of where Facebook/Meta got it right, IMHO - run infrastructure on-prem, at scale, in a super-efficient "everything fails" sort of way.