> I have seen no numbers indicating they were losing anywhere near that per day looking at their published financials.
They seem to have lost $221M in 2021[1] which would be ~600k/day but that seems to have been influenced by an $800M lawsuit loss - that would imply they had (theoretical) profits of ~$580M for 2021.
Which implies that Twitter's profits were $1.5M/day rather than the $4M/day loss claimed by Musk. Something seems off there but I can't figure out which figure most accurately reflects reality. If in fact Twitter wasn't haemorrhaging money it casts a distinctly unpleasant pall on the reasons for the 50% cut to headcount.
After months of trying to get out of the deal he took the equivalent of a pay-day loan, funded by multiple creditors, to complete the acquisition.
I am shocked there are as many people here not taking the time to look into the financials of that deal and are assuming Musk is some sort paragon of finance.
They seem to have lost $221M in 2021[1] which would be ~600k/day but that seems to have been influenced by an $800M lawsuit loss - that would imply they had (theoretical) profits of ~$580M for 2021.
[1] https://news.yahoo.com/twitter-posts-loss-2021-stock-1301280...