11-18-2022, 12:52 AM
(11-12-2022, 09:29 PM)tomh009 Wrote: OK, so I looked. Twitter is currently burning maybe $500M of cash per year -- but they have $6B in cash and short-term investments, so they are not going to run out of money anytime soon.
Twitter *had* $6B in cash/short-term investments, but they almost certainly don't have that now. It would have been used as part of the purchase (doesn't make sense to load Twitter up with a bunch of expensive debt and keep the cash at the same time). I don't believe we know what they kept on hand.