Twitter? We'll see?
It’s a done deal. Elon the shit-poster is now the owner of Twitter.
I’m not a big fan of social media platforms. I’ve only had one account. Twitter! And Over the years my relationship with the platform has been on again off again. Today I'm on Twitter with a very narrow use case. I use it to market my blog and posts. I follow app developers of apps that I use to keep with the latest information about their apps. And last for breaking news. That’s it! So, how will Twitter change for me? Probably not that much, but we’ll see?
Nick Heer “Unlikeable as I find Musk’s public personality, weasel words, and many of his projects, I am cautiously hopeful private ownership will permit the company to right itself. Given the track record of its new owner, I am not expecting many of his proposed massive changes to materialized.” It appears that Elon won’t want to fuck it up too much in light of the financial pressure that he is under.
But he will face pressure from the banks that lent him $12.5 billion for the deal to begin repaying his debt. The cost of repaying those loans could run as high as $1 billion a year, financial analysts said.
“He has less public pressure, but he has a lot of private pressure from the banks to make the payments,” Mr. Quinn said of Mr. Musk. “Like almost every other private-equity take-private, he’s going to need a manager who is very focused on operations, being lean and being able to pay the bills on a day-to-day basis.”
Mr. Musk also took about $7.1 billion from equity investors to push the deal through. He may also face pressure from those investors, who might expect him to take Twitter public again at some point so that they can recoup their investment.
Elon Musk said in a note Thursday that Twitter must be “warm and welcoming to all” and not a “free-for-all hellscape” in order for it to reach its full potential.
Well, welcome to hell, Elon.