this post was submitted on 17 Apr 2024
922 points (96.0% liked)
Technology
59641 readers
2620 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The purchase itself was a death sentence. $13bn of the $44bn was a loan Twitter took out to buy itself on Musk's behalf, even before Musk started tanking the revenue there was no way Twitter was going to be able to pay the interest on that without further cash investment.
Meanwhile, given that the business in unviable, Musk can try all sorts of crazy shit and are what sticks to the wall. Anything that proves successful can be adopted by whatever comes after Twitter or other social media. Charging for API access stuck, this is just the next attempt.