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BofA/whoever lent $12B or whatever to Twitter/Elon. Ultimately they have to settle for lower payments or get Tesla stock or whatever, and the debt is cleared. O
by hgsgm 4y ago
BofA/whoever lent $12B or whatever to Twitter/Elon. Ultimately they have to settle for lower payments or get Tesla stock or whatever, and the debt is cleared. Or it defaults. Either way, Twitter the service has no reason to shut down, and doesn't carry that debt further.
Once the debt cost is sunk, what matters is future marginal profitability.
- ndsipa_pomu 4y agoI agree. The question then is how much the lenders are willing to settle for or whether it'll need to go through bankruptcy first.