Twitter's going to have to pay $1.15-$1.3 billion a year in interest alone, which is more than it

[tblue37]

made before interest and taxes last year.

Link to tweet

Text

Musk is taking on $25 billion in debt financing to acquire Twitter, at an avg interest rate of between 4.5-5%. That means Twitter's going to have to pay $1.15-$1.3 billion a year in interest alone, which is more than it made before interest and taxes last year.

[bucolic_frolic]

1. Maybe he bought Twitter for its tax losses

[Hugin]

3. Right wingers see it as an investment...

To own a megaphone.

Media rarely turns a profit.

They have been subsidizing AM radio for years. Now I guess they think it is time to make a youth push. AM is pretty much dead.

[sop]

2. Twitter will be a loss leader for Musk so he can push his other business ventures.

(loss-leader - a product sold at a loss to attract customers.)

[jcgoldie]

4. All the other top 10 billionaires have media empires

Fascistic Muskie wanted his. Its an ego toy not a business investment.

[blueinredohio]

5. Musk...taxes? LOL.

[C_U_L8R]

6. Once he opens the cesspool

Brands will want nothing to do with Twitter.
That Libertarian bullcrap cuts both ways.

[sop]

7. This country has become a cesspool full of ignorant, hateful, violent imbeciles.

There's money to be made, and Twitter will cater to them.

[LizBeth]

8. Seems to me these rich people do not have to pay the interests and taxes all the rest of us are

required to pay. I am sure there are loop holes.

[SoonerPride]

9. No one would lend him money at a 5% interest rate.

If there is any interest it would be less than 1%.

The uber rich get deals you and I don't.