Comments by "" (@thehumanity0) on "New Awful Twitter Changes" video.
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@RyuFitzgerald It absolutely does matter what Musk paid for it, because those loans automatically became Twitter's own debt, i.e. Musk basically forced the company into massive debt and yearly interest fees that it could not possibly pay off - this is why Musk fired nearly all of Twitter's employees. He's basically pulling out every stop to try to make Twitter turn a profit, or at the very least pay off their interest payments (thus his asinine "Twitter Blue" debacle), all so it doesn't go bankrupt from the interest rates alone. Buying Twitter for $44 Billion was such a terrible decision that it basically doomed the company and all its employees before the business even turned ownership, ensuring the company would spiral and snowball into more debt unless drastic changes were made. In other words, all this shit is 100% Musk's fault.
While you're correct tech companies are laying off workers, layoffs of 80-90% of all employees is beyond insane. For perspective, Disney laid off thousands of workers that accounted for 3-4% of its headcount. Facebook (or should I say, "Meta") is one of the most drastic examples considering they also spent upwards of $36 Billion on the failed Metaverse. After spending nearly as much money as Musk on Twitter, it still has only laid off 12% of its workforce so far. There are announcements that this number may rise in the next year, but even their worst projections has a max overall reduction of 25% of their headcount. In other words, what Musk is doing is so unprecedented that even Meta's colossal fuckup with the Metaverse doesn't even come close to the complete mismanagement and dumpster fire that Twitter has unfortunately become - likely why everyone is seeing NSFW, gore and snuff videos on their For You timelines & many of their core systems just stop working suddenly from time to time.
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