4.4 • 652 Ratings
🗓️ 3 November 2022
⏱️ 11 minutes
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0:00.0 | Well, Charlie Gasparino, the best business reporter there is. |
0:03.9 | You'll see them all over a Fox Business Network and a great columnist and nobody better on Twitter. |
0:09.0 | Make sure you follow him there too. |
0:11.1 | Charlie Gasparino, how you doing? |
0:13.6 | How you doing, Mark? |
0:15.0 | Very good. |
0:15.6 | Hey, speaking to Twitter, what do you think is going to happen there? |
0:18.2 | You think Musk will turn this thing around? |
0:22.7 | You know, it's such a crappy business to be honest with you. |
0:26.3 | I don't know. |
0:27.4 | I mean, first off, it's a private company, so he doesn't have shareholders bringing down |
0:31.5 | his neck every quarter every second, you know, with its stock price moving. |
0:36.8 | But to make it a profitable enterprise that presumably he wants to sell, because this was a leverage buyout, |
0:43.3 | and often leverage buyouts are, you know, preludes to taking something private and then |
0:48.3 | selling it in public, like a private equity firm might do. |
0:53.1 | He's got a massive, massive problem with generating cash flow, |
0:57.1 | and that's why you hear him talk about charging people. |
1:00.6 | Advertisers are reluctant to pay up, |
1:03.0 | particularly in this environment, we're in a recessionary environment, |
1:05.5 | but because there's so many trolls and fake accounts on this thing, |
1:10.2 | you know, people forgot. |
1:12.2 | And with all the hoopla, Twitter and the fact that the, you know, |
... |
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