The loss included a one-time net charge of $766 million from a shareholder lawsuit the company settled. Twitter said last month that it will pay $809.5 million to settle a consolidated class action lawsuit alleging that the company misled investors about how much its user base was growing and how much users interacted with its platform. https://abcnews.go.com/Technology/wireStory/twitter-posts-q3-net-loss-due-lawsuit-settlement-80800292
Stock Market Crash Ready to Bankrupt Banks, Hedge Funds as Margin Trading at All Time High
(H. A. Goodman predicted the market crash on Sept. 9, 2021 within Prediction Playlist)
Stock Market Crash Imminent as Inflation, CPI and PPI Rise, Margin Debt Hits Record, Confidence Low (H. A. Goodman started the Stock Market Crash Channel on Sept 16, 2021, this is my first segment)
Bitcoin CRASH Certain as U S Stock Market CRASH Caused by Evergrande Default Unfolding (H. A. Goodman predicted the Bitcoin and Crypto crash on Sept. 20, 2021) https://www.youtube.com/watch?v=JWa6bVh9L2s&t=485s
Joe Biden’s Bitcoin CRASH to $10,000 and Dow Jones Fall to 20,000 Leading to Recession in 2022 (H. A. Goodman first predicted Bitcoin would crash below 10K on January 22, 2022)
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I predicted all of this also in October of 2021 in my Federalist article:
Why Are Democrats Hurtling The United States Towards A Stock Market Crash?
I predicted the crypto and Bitcoin crash in 2021, please watch my Stock Market Crash Prediction Playlist:
Twitter may be a “public town square,” but it has struggled to earn consistent profits over the past few years, posting a net loss of $221 million in 2021, and $1.14 billion in 2020, SEC filings show.
The company also held over $4.2 billion in long-term debt at the end of 2021, and will be saddled with an additional $13 billion in debt if Musk’s acquisition goes through.
Potential interest rates on that debt, detailed in the letters of commitment from various banks, range from close to 6% to as high as 11%. That means Twitter will be faced with around $1 billion in annual interest payments if the Musk deal closes, according to calculations from Bloomberg’s Matt Levine.
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Author: H. A. Goodman