The Daily Beast reports:
Twitter’s revenue on Tuesday was down 40 percent year over year as the company continues its free-fall three months into Elon Musk’s takeover, according to Zoë Schiffer, a reporter for Platformer. Musk may also be staring down the barrel of a massive interest payment on the $13 billion in debt he took on to buy the struggling platform, which could come due as soon as the end of January, according to the Financial Times. Twitter, as the debt’s holder, is obligated to pay back around $1.5 billion a year in interest payments.
Read the full article.
Tiny scoop: We learned today that Twitter’s revenue is down 40 percent year over year (& Musk’s first giant interest payment on the company is due at the end of the month): https://t.co/IH7lJiQ0Dw
— Zoë Schiffer (@ZoeSchiffer) January 18, 2023