Submitted by G1lg4m3sh t3_z2ais6 in wallstreetbets
zephyy t1_ixfljzl wrote
Reply to comment by Reasonable-Leave7140 in Will Elon have to sell more of his Tesla stock in order to keep Twitter alive? by G1lg4m3sh
Except
A) they have to pay those employees 3 months severance so it's not immediate
B) Twitter will eventually have to hire more people because they're operating on a skeleton crew comprised mostly of people on visas. See https://matthewtejo.substack.com/p/why-twitter-didnt-go-down-from-a for an example of why Twitter hasn't suffered a massive incident yet
c) There is no way they pay $1 billion in payroll alone per year. Their last quarterly General & Administrative was $217 million.
Reasonable-Leave7140 t1_ixfnt1l wrote
Yeah- I don't buy any of these "twitter is doomed" narratives; these are all being floated by people with an agenda.
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