$4M a day
Don't I recall that Mush said that Twitter was losing $4m a day?
Having borrowed billions to buy Twitter obviously those losses could only get bigger. The daily interest interest on loans of this size won't be insignificant.
Then he allegedly loses $750m of ad revenue annually. Which works out at about $2m a day. So he increased his losses by 50%.
Charging 8 bucks for a blue tick doesn't sound like it's going to be raising upwards of $6m a day. And maybe just maybe laying off about 5000 staff would save a million a day, but I doubt the overall saving will be quite that much.
Then there's all these bills he thinks he can avoid paying, like the rent for office space. He might be able to save something long term, but not in the short term. Short term I think he's probably increased his expenditure there. Even if you've moved out of a building failing to pay the rent when you're contracted to do so for months or years in the future isn't going to save you money. All it's likely to do is rack up legal fees and interest payments.
In short Mush genuinely believes he's a business genius, but it seems that even a business genius needs a calculator. Oh and a bit of common sense.
After all you can use a calculator to say - we'll save x on these layoffs and make y on the blue tick and add those two together and take them off your debt. You need a bit of common sense to realise that the layoffs are going to have some associated costs and that not everybody with a blue tick is going to pay for the privilege.
I have heard one commentator say that they thought Mush may be planning to run Twitter into the ground to declare it bankrupt and thus dodge a load of debt then buy up the assets (ie the brand name and data) from the adminstrators for cheap and start again with a blank balance sheet. I genuinely can't believe that this is the case. Firstly because he would still leave himself with the debt from the loans; secondly because he'd leave his own reputation of that and the brand in tatters; and finally because in this situation the administrators would always take the highest bid to sell the assets and I can see he would have some stiff competition for that not least from the likes of Meta. In other words it's a very shaky plan, what would happen if somebody else bought up the assets? Mush would end up with no Twitter, a ruined reputation and a load of debt.
So on that finally point I'll hand Mush a back handed compliment by saying he's not stupid enough to try that.