Comment on Elon Musk fires 50% of Twitter staffComments−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".
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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".