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I keep seeing people say it was in the edge of bankruptcy. If that's true why did Musk pay 44 billion dollars for it?
by dopamean 4y ago
I keep seeing people say it was in the edge of bankruptcy. If that's true why did Musk pay 44 billion dollars for it?
- KerrAvon 4y agoThey keep getting old Twitter confused with Elon’s Twitter, which he’s saddled with billions in LBO debt. Leveraged buyouts should be illegal.
- lovich 4y agoWithout knowing a single bit about Twitter's finances pre Elon, I can say that's not a convincing argument. He entered into a deal for a specific price and waived his right to back out of it after due diligence. He only bought it because he was about to be forced to purchase it by a court.