Is this the twitter thread now?
Elon's ego really did him in with this one. Bought twitter at the peak for 44BN, probably worth half that. Massively leveraged to do it, interest payments on the debt portion is ~1BN/year, while the company had a net loss in 2021 on revenues of 5BN (granted that's a lot of re-investment to drive growth). Gonna have to cut costs hard or drive revenues hard (92% of revenue is advertising).
Cut costs = big layoffs (uh-oh, there goes the people that build your platform/growth engine)
Drive revenues hard = force customers to pay for the service (uh-oh, there go your customers who like the current cost basis of free).
Meanwhile, his big idea for the world's shittiest chatroom is unfettered "free speech". Yeah, there go more customers who don't like the lies/misinformation/hate speech that will now be completely unmoderated.
Tungsten should be in here doing a happy dance on this one as this investment is burned to the ground.