Twitter apparently worth only $8B now after Elon paid $44B for it a couple of weeks ago

Let’s see..

$44B-$8B = $36B

$36B / $8 = 4,500,000,000 blue check marks

LINK


By Kate Conger, Ryan Mac and Mike Isaac
SAN FRANCISCO — Two weeks after buying Twitter, Elon Musk painted an increasingly bleak financial picture for the company and outlined changes in a meeting with staff on Thursday and in his first companywide emails, amid an exodus of executives including the officials who oversaw content moderation and security.

At the meeting on Thursday, Mr. Musk warned employees that Twitter did not have the necessary cash to survive, said seven people familiar with the meeting who spoke on the condition of anonymity. The social media company was running a negative cash flow of several billion dollars, Mr. Musk added, without specifying if that was an annual figure. He mentioned bankruptcy.

SNIP

Mr. Musk has also raced to find new subscription revenue. One of his first projects was to revamp a subscription service, Twitter Blue. He raised the price to $8 a month and said subscribers would receive a verification check mark, which Twitter has typically given to prominent users like celebrities and politicians.

In one of his emails to staff on Wednesday, Mr. Musk said subscriptions should eventually account for about half the company’s revenue. “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn,” he wrote.

Mr. Musk also told employees that they must return to the office on Thursday and work from there for a minimum of 40 hours a week. Twitter’s work force had been remote since early in the pandemic, and in recent years, its employees have been allowed to choose where they want to live rather than remaining in cities where the company has offices.

At some of Mr. Musk’s other companies, including Tesla and SpaceX, he has also said employees must go into the office to work 40 hours a week.

On Twitter’s Slack during Mr. Musk’s meeting with employees on Thursday, people discussed the merits of resigning or being laid off. “Don’t resign, be fired,” one worker wrote in a companywide channel, in a message viewed by The Times.

“Resignation is cheap and easy for the employer,” the employee wrote. “If you have a better plan lined up, go for it. If you are intimidated into considering resignation, don’t.”

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Where did the original $0.60 in the first tweet come from?

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I saw that number a few days ago… before Musk made mention of potential bankruptcy. I wonder what the markdown is now that he’s mentioned the “B” word?

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Are the banks already trying to offload the loans?

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That was their plan, at least some of it. They didn’t want to hold it all on their books. But Musk’s comments aren’t exactly making that an easy play. I’m just happy to have my money out of TWTR and to have come out with a decent profit. This is an outright dumpster fire.

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The CIA quit the black money infusions, it was a globalist deep state psyop, it was probably laundered 3 layers deep through corporate advertising

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This. Operation Mockingbird cut their Twitter Budget.

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Just to be clear, Twitter senior secured bank loans- the top of the capital stack- at $0.60 implies that Twitter- for which @elonmusk paid $44 billion- is now worth less than $8 billion..

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This is pointless.

You take a company private so you can do all the dirty work outside of the public markets because they don't have the appetite for the short-term pain needed for a serious re-org.

It's like remodeling your house and taking the value of the house after you gutting the old shite.

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And that calculation assumes $0 in advertising revenue.

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I guess he can pull in mypillow and commemorative coins.

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He’s going to make it an everything app

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I wouldnt mind this as Facebook marketplace is a tossup now with scammers.