The Fate of Twitter

[MChambers]

Interesting blog post analyzing Twitter's financial position, to the extent possible these days: https://www.enersection.io/twitter/

[budwom]

Interesting blog post analyzing Twitter's financial position, to the extent possible these days: https://www.enersection.io/twitter/

wow, quite the opus. Enjoyed the comment regarding Musk seeking equity at $54.20/share, "colonizing Mars will be easier."

[fidel]

Interesting blog post analyzing Twitter's financial position, to the extent possible these days: https://www.enersection.io/twitter/

I agree, quite the picture it paints. Not only did Musk and co. massively overspend, but they timed the debt-heavy acquisition just as interest rates skyrocketed.

Interestingly, Elon being the second-richest man in the world might work against him refinancing that debt. Normally, as rates have climbed, there is little gain for a lending institution to hold the line on interest payments (forcing a borrower into going out of business would cause everyone lose). Depending on how he is protected, he may have to fund this little recovery himself.

[budwom]

I agree, quite the picture it paints. Not only did Musk and co. massively overspend, but they timed the debt-heavy acquisition just as interest rates skyrocketed.

Interestingly, Elon being the second-richest man in the world might work against him refinancing that debt. Normally, as rates have climbed, there is little gain for a lending institution to hold the line on interest payments (forcing a borrower into going out of business would cause everyone lose). Depending on how he is protected, he may have to fund this little recovery himself.

Maybe I'm wrong, but I'd say his lenders are going to lose money, it's just a question of how much...

[acdevil]

Maybe I'm wrong, but I'd say his lenders are going to lose money, it's just a question of how much...

Absolutely.

[fidel]

Maybe I'm wrong, but I'd say his lenders are going to lose money, it's just a question of how much...

The analysis was how Elon can keep the wheels on, allowing lenders to get paid back. The interest rates are the wildcard that put the ‘thin’ in the thin ice they are on.

[luvdahops]

I agree, quite the picture it paints. Not only did Musk and co. massively overspend, but they timed the debt-heavy acquisition just as interest rates skyrocketed.

Interestingly, Elon being the second-richest man in the world might work against him refinancing that debt. Normally, as rates have climbed, there is little gain for a lending institution to hold the line on interest payments (forcing a borrower into going out of business would cause everyone lose). Depending on how he is protected, he may have to fund this little recovery himself.

Do we know for sure that there are no interest rate hedges in place on the debt? In most bank debt heavy LBOs, there is a requirement that a certain percentage of floating debt be hedged, through either interest rate swaps (effectively fixing the rate on a portion) of caps (effectively capping the upper end of borrowing cost on a portion).

[bundabergdevil]

https://www.yahoo.com/finance/news/t...030357937.html


Twitter experiencing some outages.

[MChambers]

https://www.nytimes.com/2022/12/29/t...elon-musk.html

As to the SF office, where Musk cut off janitorial services:

"With people packed into more confined spaces, the smell of leftover takeout food and body odor has lingered on the floors, according to four current and former employees. Bathrooms have grown dirty, these people said. And because janitorial services have largely been ended, some workers have resorted to bringing their own rolls of toilet paper from home."

But he's a genius.

[bundabergdevil]

Is this true? Twitter banned the Washington Metro Area Transit Authority Twitter?

https://www.yahoo.com/news/twitter-b...220500020.html

[Matches]

Is this true? Twitter banned the Washington Metro Area Transit Authority Twitter?

https://www.yahoo.com/news/twitter-b...220500020.html

They’ve been reinstated and are back up and running. Not sure if that was an error or if they were flagged for “doxxing” by posting live location information.

[dudog84]

Is this true? Twitter banned the Washington Metro Area Transit Authority Twitter?

https://www.yahoo.com/news/twitter-b...220500020.html

Gives new meaning to the term "Being thrown under the bus".

[snowdenscold]

Is this true? Twitter banned the Washington Metro Area Transit Authority Twitter?

https://www.yahoo.com/news/twitter-b...220500020.html

No biggie. Isn’t WMATA’s twitter just a single stickied post that says “Expect delays” ?

[LasVegas]

Tweetbot is down and twitter is up. Have a bad feeling Elon killed third party apps. If so, I’ll be done with twitter.

[Matches]

Tweetbot is down and twitter is up. Have a bad feeling Elon killed third party apps. If so, I’ll be done with twitter.

Hopefully this is a glitch. I’ve used Tweetbot for ever. Opened up the regular Twitter app this morning and… holy crap now I see why everyone is always complaining about it being a hellscape.

[LasVegas]

Hopefully this is a glitch. I’ve used Tweetbot for ever. Opened up the regular Twitter app this morning and… holy crap now I see why everyone is always complaining about it being a hellscape.

I had the same experience with the regular Twitter app. A big pile of garbage. This sure looks to be intentional to me. If it isn’t, this is an embarrassment to the company. An API down for 9+ hours and counting?

[Matches]

I had the same experience with the regular Twitter app. A big pile of garbage. This sure looks to be intentional to me. If it isn’t, this is an embarrassment to the company. An API down for 9+ hours and counting?

Surely if Elmo decided to kill 3p clients, he would say so instead of just doing it, right? Knowing that these clients have paid subscribers? That’s what a functioning human would… oh.

Ugh. Hopefully it’s a glitch.

[camion]

Surely if Elmo decided to kill 3p clients, he would say so instead of just doing it, right? Knowing that these clients have paid subscribers? That’s what a functioning human would… oh.

Ugh. Hopefully it’s a glitch.

Glitch. That would be a great name for a twitter successor.


Oh, wait! Maybe it's being done already. A Glitchy link.

[Skydog]

Tweetbot is down and twitter is up. Have a bad feeling Elon killed third party apps. If so, I’ll be done with twitter.

Why on god’s formerly green earth would Elon want to kill 3rd party gateways to Twitter?

[Matches]

Why on god’s formerly green earth would Elon want to kill 3rd party gateways to Twitter?

Forces people to use the website or the native app, which means they have to see the ads. Facebook banned 3p clients years ago for a similar reason.