Twitter is losing $750 million a quarter in interest payments. The company has been trying to cut costs, including closing the data centers and redirecting Twitter's traffic to just two locations. "No company is sustainable when 50% of its top-line revenue has to go to interest payments," says CNN Tech columnist John Sutter.
Kara and Scott discuss Microsoft layoffs, cryptocurrency’s surprising recovery, and Jacinda Ardern’s resignation. Plus, someone bought a Twitter bird statue for $100k, and it wasn’t Kara. Friend of Pivot Zoë Schiffer (@zoeschiffer) joins to discuss all of her recent Twitter reporting, including the work that went in to this week’s major New York Magazine story, which you can read here.
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