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NYT article "Mr. Musk, who took on about $13 billion in debt to finance the deal for Twitter, must also pay lenders about $1 billion in interest payments annual
by strangattractor 4y ago
NYT article "Mr. Musk, who took on about $13 billion in debt to finance the deal for Twitter, must also pay lenders about $1 billion in interest payments annually."
- ben_w 4y agoHe can do that without Twitter making a profit. Lender != investor.
- strangattractor 4y agoGuess we will have to agree to disagree. Never said he was going to make a profit. In fact the opposite. What you are describing is not an Investor but a Donor. Take a look at these equity investors/donors - not lenders. https://www.reuters.com/markets/us/who-is-financing-elon-musks-44-billion-deal-buy-twitter-2022-10-07/ https://www.reuters.com/markets/us/who-is-financing-elon-mus... Firms like: Fidelity Management & Research Company DFJ Growth IV Partners Honeycomb Asset Management Sequoia Capital Fund All these financial companies have accepted money from retirement funds, pensions etc on the assumption that they will get more money in return. Please don't troll me by saying they could have given him money without seeking returns. We both know that just isn't the case.
- ben_w 4y agoThanks for the link! Nice to see the real list. Given the headlines I'd seen, I was thinking more like "convinced Larry from Oracle" when hypothesising someone could have given him money without seeking returns. I'd agree that isn't the case for many on this list :)