There is no doubt he overpaid. But that's more a product of timing vs. his personal management. The entire industry segment is down 50% thanks to the morons in DC and the Fed. As for the loans, they were organized back when rates were closer to zero so I imagine his interest isn't killing him. He has supposedly trimmed the workforce nearly in half which is way more than his competitors trimmed, which will rein in his expense base. He hasn't run off his user base (as some predicted). So his company is now leaner, has a wider audience base (liberals didn't leave and conservatives are now welcome there), and he's expanding the revenue streams vs. being tied to just advertisements which (as Google, Facebook, Pinterest, and others can attest) is shrinking.In the neighborhood of $20 billion valuation…according to Elon. Is he lying? Is he trolling? Maybe, maybe not. How many on here have a paid blue check mark? Anyone? Bueller?
Fact is buying Twitter’s the dumbest idea he’s probably ever had, an even the most devout cuck should be able to agree with that. He’s even publicly admitted he’s ready to bail if a buyer comes along, but who’s gonna be dumb enough to spend 30-something billion on a 20-billion valuation? He’s paying interest on loans not much less than 20bil.
carry on
Based on the above, I imagine Elon will make out just fine on his investment when he chooses to divest from it.