this post was submitted on 20 Nov 2023
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267
Advertiser exodus expected to deeply impact X ad revenue, analysis indicates (techcrunch.com)
submitted 11 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 10 points 11 months ago (1 children)

Do you really think a company like that would be paying 10% interest?

[โ€“] [email protected] 4 points 11 months ago* (last edited 11 months ago)

My 10% estimate is assuming April 2022 (edit) market, when the deal was signed.

It could be as high as 15% depending on circumstances. But yeah, consider the 10% number an underestimate.

Rumor is that half the debt was variable and half the debt was fixed. Suggesting about 13% or so interest today.