Buonasera, «Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey.» https://www.nytimes.com/2022/10/30/technology/elon-musk-twitter-debt.html
--8<---------------cut here---------------start------------->8--- The numbers are already daunting. The $44 billion acquisition was the largest leveraged buyout of a technology company in history. To do the deal, Mr. Musk, the world’s richest man, loaded about $13 billion in debt on the company, which had not turned a profit for eight of the past 10 years. [...] If Twitter needs more money in a year, finding new investors could be a lot to ask given the economics of the company. Even Mr. Musk has conceded that his initial investors in the deal valuing Twitter at $44 billion were “obviously overpaying.” The stocks of many social media companies have tumbled this year as they navigate the same problems as the rest of the economy. Given his net worth of more than $200 billion, Mr. Musk himself could theoretically help cover Twitter’s extra cash needs. He could also try to buy out some of Twitter’s lenders and reduce its debt load. [...] Putting more money into a leveraged, slow-growth company like Twitter is also not the same as investing in a rapidly growing venture-backed start-up like his rocket-making company, SpaceX. The risks are greater at Twitter because the banks doing the lending care only about getting paid their interest on the day it is owed. Unlike, say, a real estate company, Twitter does not have a large amount of assets to offer lenders as collateral to keep them at bay. [...] Twitter has suffered years of mismanagement and may benefit from fixing its business out of the glare of the public markets. [...] Mr. Bruner said the worst deals are typically struck at the peak of a market — as with Mr. Musk’s purchase of Twitter. He offered what he thought could be a worst-case scenario for the company. In that future, Mr. Musk would not be able to “get the expenses down to the level necessary to cover the debt burden.” That would “slowly erode the company’s equity, and he’s unable to find more equity investors.” The final outcome? “Slowly, Twitter implodes,” Mr. Bruner said. --8<---------------cut here---------------end--------------->8--- Non credo che Musk (o gli stuoli di consulenti finanziari che può permettersi) non siano in grado di fare i conti, quindi da quello che si può capire dalle informazioni che ci danno questa acquisizione è la più strana della storia di Internet, o no? Saluti, 380° -- 380° (Giovanni Biscuolo public alter ego) «Noi, incompetenti come siamo, non abbiamo alcun titolo per suggerire alcunché» Disinformation flourishes because many people care deeply about injustice but very few check the facts. Ask me about <https://stallmansupport.org>.
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