Is There a Risk for Twitter?

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Twitter has been losing money since Musk took it over two and a half months ago. Revenues are down about 40%, which when you add in this crushing interest payments, doesn't look good for Twitter's financial health. So how will Musk come up with the money to make this payment? There were a number of things that Musk could do to meet this interest payment. But all of these options are painful and interest rates are going higher.

Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, advisers to western banks trying to exit Russia say a law introduced by Vladimir Putin is disrupting sales and allowing deals to be hijacked, and Elon Musk faces tough choices to meet financial obligations of his Twitter takeover financed by $13bn in debt.

Mentioned in this podcast:

Brazil and Argentina to start preparations for a common currency

Western banks struggle to exit Russia after Putin intervention

Looming Twitter interest payment leaves Musk with unpalatable options

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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