Elon Musk’s acquisition of Twitter, now called X, has resulted in a dire revenue situation, prompting banks to prepare to sell off some of the $13 billion debt loaned to him for the deal. Musk acknowledged stagnant user growth and unimpressive revenue in an email to employees, while banks aim to sell senior debt at a discount to avoid losses. Despite Musk’s optimism for X becoming cash-flow positive soon, the company still faces over $1 billion in annual interest payments and struggles to meet financial expectations, despite efforts to attract investors through AI ambitions and new features.
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Torvalds Celebrates Git's 20th Anniversay. Is It More Famous Than Linux?
In celebration of Git's 20th anniversary, GitHub hosted a Q&A with Linus Torvalds, who humorously noted that his college-age daughter recognizes him more for Git than for Linux, despite having maintained Git for only four months. He developed Git as a solution to the issues posed by the proprietary BitKeeper, aiming for a more efficient version control system, with the initial version created in just 10 days. While early users found Git challenging, Torvalds attributed...
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