Twitter on Mars
An Elongated conversation about whether to leave the bird site or stay put
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Scientist and educator Carl Sagan once said, 'If you wish to make an apple pie from scratch, you must first invent the universe'.
A similar act of backtracking is necessary to figure what is going on with Twitter now that it has moved from being a public company to one owned by Elon Musk and his investors. On a purely commercial basis, paying $44 billion for the bird site doesn’t make a lot of sense, and even if you buy into the bullshit that Musk has some edge lord plan mere mortals cannot comprehend, he has investors who do want a return on their investment, and quickly, and they will be putting pressure on him to “fix things”.
In fact, as the Financial Times reported, banks involved in the takeover are looking to offload their debt early next year and expect to take a (bird) bath:
Banks that lent $12.7bn to Elon Musk for his $44bn Twitter takeover are preparing to h…
