#musk seems to have overpaid paid for Twitter by selling on hand cash, E-car stocks, loans and investor funds.
if birdsite doesn't start turning a profit, it will be underwater real quick. Which is probably why Musk wants to fire a lot of people
https://www.aljazeera.com/economy/2022/10/28/how-elon-musk-financed-his-twitter-takeover
@Kinnison Salary reductions via layoffs are a drop in the bucket though compared to the overpayment amount. He should have just settled in court but he's overconfident. I think this will go down as the worst acquisition in history.
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@thatsoftwareguy Cooperate dinks only see the short term benefits of layoffs. Not the long term consequences.