Hacker News Reader

According to [0] Elon's debt that he's brought to the table alone is costing approximately $1 billion/year, which is $2.7 million/day... So I guess that's most of it.

https://qz.com/here-s-how-many-blue-checks-elon-musk-would-n...

See the debt commitment letter (search for "The interest rates under the Bank Facilities"):

https://s3.documentcloud.org/documents/22128214/exhibit-2-to...

Rough math for $13B at a SOFR of 3% plus 4.5% and you get a nice billion a year of interest, some $2.7M a day.

They were running a 500 million dollar a year loss before Elon bought so 1.5 million a day roughly. Then 2 mil for debt and half a mil in advertising loss I would guess

Not sure, in 2020 they were losing over $3M a day with an annual loss of $1,136,000,000, but I read they reduced their losses in 2021. Haven't seen any data for 2022.

the astroturfing of whatever this site is has been pretty cringe

browsing their feed it feels like a bunch of legitimately new users (which sure, can look cringe if they post without understanding the norms). what astroturfing are you seeing?