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[danbrotherston]

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.

It's not the first time that Musk doesn't know what he's talking about.

Don’t forget the $1G/a that I understand Twitter owes in interest payments.

I'm not sure where you folks are getting your numbers...According to twitter Q2 2022 financials here:

https://s22.q4cdn.com/826641620/files/doc_financials/2022/q2/Final_Q2'22_Earnings_Release.pdf

They had quarterly revenue of 1.18 billion and quarterly costs of 1.52 billion.

Even if 2/3rds of those costs are salary the lowest I can see costs going is 1 billion maybe 750 million per quarter. Based on what we've heard, we can similarly assume that Twitter's ad revenue has been cut in half. So 1.08 billion -> 500 million.  So 600 million in revenue on 750-1000 million in income....per quarter. So they'd be burning at least 1 billion dollars a year in operational costs, and interest payments are coming due.

But the earnings release doesn't specify cash on hand or net liquidity....numbers for that I see are 2-4 billion.

I agree that Elon doesn't know what he was talking about...in the same earning call, Elon Musk...the CEO of the company said he didn't know the burn rate of the company...which is...insane to me...

I'm not saying that the company is going bankrupt next week...but they are clearly in a far more tenuous position than they were three weeks ago.