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

Technology

58560 readers
4506 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@lemmy.world
enu@lemm.ee
fry@fry.gs
L3s@fry.gs
enu@lemmy.world
L4s@fry.gs
L4s@lemmy.world
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@lemmy.world to c/technology@lemmy.world
26 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] DevCat@lemmy.world 26 points 1 year ago

On the next season of The Sopranos reboot:

Since the day he proposed taking over, Musk has demonstrated no interest or expertise in how such a service might enhance the lives of its users or at least make money to stay afloat. He’s run it on debt – debt accrued from some of the most dangerous people in the world.

With the new debt Musk took on to complete the purchase of Twitter stock and take the company private, the company’s annual debt payments ballooned to about $1bn a year. Yet the company’s operations in 2021 generated about $630m in cashflow.

Get your popcorn ready.