Twitter is not much of a business from a profitability point of view. Advertising has been quote, robust at $5 billion a year. If that's coming down substantially, then he's got $13 billion of debt that is owned by his banks who did not sell that off. So they still own it and they didn't sell it off because they knew if they did sell it off, they were going to have to perfect a 50% loss,. They're going to hold on to the debt for at least into 2023.
Guest host William D. Cohan joins Kara to discuss the latest developments in the Twitter saga: banned accounts will return! Apple could ban Twitter from the App Store! Elon drinks caffeine-free Diet Coke?! Also, protests in China could disrupt Apple. Friend of Pivot Anand Giridharadas joins to discuss his latest book, "The Persuaders," and how clear, concise messaging could help save democracy.
Suggested reading:
"Power Failure: The Rise and Fall of an American Icon" by @williamcohan
"The Persuaders: At the Front Lines of the Fight for Hearts, Minds, and Democracy" by Anand Giridharadas. You can follow Anand at @anandwrites.
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