So if there is a million verified users (there cant be, can there?) this would raise almost 60 million a year. In just 3 years he will be able to pay the exit packages of the 3 execs he fired.
Truly amazing. It's like getting a mortgage but like, you just pay the down payment, some other guy has to pay off the rest. Also you get to collect rent the rest of the time. Lmao
Also at the same time borrowing some money for the down payment. Lol
Well if I've understood correctly, Muskipoo got to buy Twitter with mostly borrowed money. He put in roughly $15B of his own money, and the rest was covered by loans that must now be paid off with revenue from Twitter...
Elon used like ~$15bn of his own money. The Saudis "gave" around $5bn (gave = Elon didn't buy their shares, so they are still partial owners). The rest is ~$35bn in financing that Twitter now owes to the banks.
I know at least some in the science community are because they've testified to congress about climate change and people were harassing / trying to impersonate them or something. So at least there's some reason for having so many.
an absurdly high amount of verified accounts, almost 300k.
Most of that is vanity shit.
I've seen people complain that it's very hard for scientists to get verified. I just googled about it. I found what seemed to be a good article but the fuckers put it behind a paywall and the Archive link is also the paywalled article. But the intro does say this...
Twitter’s account-verification service lacks a specific category for scientists
So if there is a million verified users (there cant be, can there?) this would raise almost 60 million a year. In just 3 years he will be able to pay the exit packages of the 3 execs he fired.
https://www.cnn.com/2022/10/28/tech/elon-musk-twitter-golden-parachutes/index.html
Then, in 733 more years he will recoup the 44 billion that it cost to buy twitter.
Googled it, there are remarkably, an absurdly high amount of verified accounts, almost 300k.
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Twitter is useful for disseminating misinformation, though. Very useful for the state. Maybe it'll end up subsidized.
Twitter needs to pay $1bn per year just in interest on those loans. Also, the new number seems to be $20 per verified account.
So Twitter becomes the de facto debtor from the loans used for its own acquisition? Lololol
Welcome to the world of mergers and acquisitions. I was involved in it for a minute and it was an important early step in my radicalization.
Truly amazing. It's like getting a mortgage but like, you just pay the down payment, some other guy has to pay off the rest. Also you get to collect rent the rest of the time. Lmao
Also at the same time borrowing some money for the down payment. Lol
wait, I kinda understand this but not really- is there an essay or youtube vid explaining this?
Well if I've understood correctly, Muskipoo got to buy Twitter with mostly borrowed money. He put in roughly $15B of his own money, and the rest was covered by loans that must now be paid off with revenue from Twitter...
Lol
YEP! That's very common! Toys R Us was profitable and then got bought and shut down because it couldn't pay the debts of the people who bought it!
Imagine if banks were forced to pay off the debts of house buyers
:obama-drone:
:obama-spike:
Elon used like ~$15bn of his own money. The Saudis "gave" around $5bn (gave = Elon didn't buy their shares, so they are still partial owners). The rest is ~$35bn in financing that Twitter now owes to the banks.
completely reasonable system
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At $20/month, it'd still take him 183 years
Still not taking the loans into account
I know at least some in the science community are because they've testified to congress about climate change and people were harassing / trying to impersonate them or something. So at least there's some reason for having so many.
Most of that is vanity shit.
I've seen people complain that it's very hard for scientists to get verified. I just googled about it. I found what seemed to be a good article but the fuckers put it behind a paywall and the Archive link is also the paywalled article. But the intro does say this...
Musk is claiming Fired With Cause.
Can’t wait for the lawsuits.
How many judges will drive or want free Teslas? :doomer:
The main prevention of it is that no one would trust him to not just.. tweet that he is doing a bribe.