That’s more than Twitter’s typical yearly yield of $1.2 billion in earnings before interest, taxes, depreciation and amortization, or EBITDA - a key measure of profitability used by Wall Street. Specifically, Twitter will be forced to pay interest expenses on its nearly $13 billion in new loans that will amount to $1.3 billion per year, one banker close to the situation said.
While the struggling social network posted a modest loss last year, interest payments on the massive trove of debt that Musk used to finance the $44 billion buyout deal will unleash a torrent of red ink at the struggling social network in the coming year, sources close to the situation said. US envoy apologizes for tweeting that Afghan women need ‘Black Girl Magic’Įlon Musk’s drastic decision to lay off half of Twitter’s workforce on Friday was driven by the company’s dire finances - with the now-private company on track to lose $700 million in 2023 if he hadn’t slashed costs, The Post has learned. Twitter to charge users to secure accounts via text message Elon Musk mocks Meta’s paid verification plan with Mr.
