He had to take out a giant loan to afford the purchase (debt financing), which t...

		klyrs on Nov 10, 2022 \| parent \| context \| favorite \| on: Musk’s first email to Twitter staff ends remote wo... He had to take out a giant loan to afford the purchase (debt financing), which twitter needs to pay about $1B a year to service. Twitter wasn't getting anywhere near that in profit.

Ah, didn't realize this about the $1B/year. Thanks!