Musk's Twitter business plan

 NY Post:

Tesla CEO Elon Musk secured financing for his $44 billion takeover bid of Twitter by pledging to slash jobs and executive pay, among other cost-cutting measures, according to a report.

Musk also told lenders that he would maximize profitability at the social media platform by monetizing tweets, though he did not provide specifics, and floated suggestions on how to boost revenue including a subscription service, according to Bloomberg News.

Musk had to convince the banks that Twitter produced enough cash flow to service the debt he sought, according to the report. In the end, he clinched $13 billion in loans secured against Twitter and a $12.5 billion margin loan tied to his Tesla stock, Reuters reported.

He agreed to pay for the remainder of the consideration with his own cash.

Musk’s pitch to the banks constituted his vision rather than firm commitments, the sources told Reuters, and the exact cost cuts he will pursue once he owns Twitter remain unclear. The plan he outlined to banks was thin on detail, the sources added.
...

A good start would be to fire the censors and the current board of directors. I think his plan will also make it a much more interesting site.

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