from Hacker News

Bloomberg: Musk Warns Twitter Bankruptcy Possible as Senior Executives Exit

by ramish94 on 11/10/22, 11:39 PM with 18 comments

  • by rrwo on 11/10/22, 11:56 PM

    How is it legal to be able to get a loan to buy a company, then transfer that loan to the company you bought, then let the company burn to the ground from the crushing debt?

  • by MontyCarloHall on 11/11/22, 12:39 AM

    I wonder if the downfall of Twitter will herald the start of the adpocalypse—advertisers realizing en masse that the ROI of internet advertising isn’t worth the spend.

    Have advertisers ever completely pulled out so abruptly from such a large platform before? If they notice that their revenue remains within forecast intervals, perhaps they will realize that their Twitter ad buys were doing nothing for their bottom line, and investigate whether ad buys on other platforms are similarly worthless.

  • by xqcgrek2 on 11/11/22, 12:44 AM