• ComradeLove [he/him, comrade/them]
    ·
    edit-2
    2 years ago

    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.

    • mazdak
      ·
      edit-2
      1 year ago

      deleted by creator

      • iridaniotter [she/her]
        ·
        2 years ago

        Twitter is useful for disseminating misinformation, though. Very useful for the state. Maybe it'll end up subsidized.

    • Lovely_sombrero [he/him]
      ·
      2 years ago

      Twitter needs to pay $1bn per year just in interest on those loans. Also, the new number seems to be $20 per verified account.

      • panopticon [comrade/them]
        ·
        2 years ago

        So Twitter becomes the de facto debtor from the loans used for its own acquisition? Lololol

        • star_wraith [he/him]
          ·
          2 years ago

          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.

          • panopticon [comrade/them]
            ·
            2 years ago

            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

            • threshold [he/him]
              ·
              2 years ago

              wait, I kinda understand this but not really- is there an essay or youtube vid explaining this?

              • panopticon [comrade/them]
                ·
                edit-2
                2 years ago

                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...

        • SerLava [he/him]
          ·
          2 years ago

          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!

        • Lovely_sombrero [he/him]
          ·
          2 years ago

          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.

      • Orannis62 [ze/hir]
        ·
        2 years ago

        At $20/month, it'd still take him 183 years

        Still not taking the loans into account

    • KasDapital [any]
      ·
      2 years ago

      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.

    • InevitableSwing [none/use name]
      ·
      2 years ago

      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

    • Deadend [he/him]
      ·
      2 years ago

      Musk is claiming Fired With Cause.

      Can’t wait for the lawsuits.

      • UlyssesT [he/him]
        ·
        2 years ago

        How many judges will drive or want free Teslas? :doomer:

        • Deadend [he/him]
          ·
          2 years ago

          The main prevention of it is that no one would trust him to not just.. tweet that he is doing a bribe.