Musk tries to claw back $90M from firm that forced him to complete Twitter deal.

  • EvilColeslaw@beehaw.org
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    1 year ago

    Twitter was hemorrhaging money most of the time before his purchase anyway. There may have been a year or two that they were profitable but it was more typically losing hundreds of millions of dollars every year. That said, I’m sure his management has accelerated losses. And honestly the leveraged buyout to take it over pretty much ensures the company is on a fast track to bankruptcy.