this post was submitted on 05 Jul 2023
166 points (95.6% liked)

Technology

59214 readers
2517 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
166
Twitter was locked in a chaotic doom loop. Now it’s on the verge of collapse | Siva Vaidhyanathan (www.theguardian.com)
submitted 1 year ago by biggiepants to c/technology
26 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] dragontamer 9 points 1 year ago

$33 Billion.

$13 Billion (of the $46 Billion deal) was loans from banks to Twitter.

-$2 Billion of debt IIRC before the deal + $13 Billion from banks + $33 Billion from Elon Musk == $44 Billion (46 billion - 2 billion prior debts).