this post was submitted on 05 Jul 2023
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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
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[–] dragontamer@lemmy.world 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).