Elon Musk fires 50% of Twitter stafftwitter.com 5 pointscocochanel3 years ago3 commentsSaveHideCopy link On HNComments−danuker3yWhen interest rates are high and your company is not making money, if you don't downsize, you go bankrupt.−gregjor3yWhen you buy a company that doesn't make money to show off, then saddle it with $13bn dollars of debt in a leveraged buyout, it goes bankrupt faster. Extra points for driving away paying advertisers in the process then blaming "activists".−jalexanderh3ytough day in tech
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When interest rates are high and your company is not making money, if you don't downsize, you go bankrupt.
When you buy a company that doesn't make money to show off, then saddle it with $13bn dollars of debt in a leveraged buyout, it goes bankrupt faster. Extra points for driving away paying advertisers in the process then blaming "activists".
tough day in tech