Hello again from parental leave! Today we’re looking at Twitter’s finances pre, and post-Musk. Thanks to Liza for giving this a read before it went out. Feel free to hit the button below and stick around while I learn how to type and bounce a baby at the same time! — Alex
Leverage is such a dangerous tool for businesses. Further to meeting the interest payments, business need to be operated with such efficiency to not breach covenants that may put everything down to a death spiral. Have a look to what happened to Lojas Americanas in Brazil a few weeks ago.
Nice analysis, and great rowboat analogy