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The debt is Twitter's, not Musk's personally.
by yborg 4y ago
The debt is Twitter's, not Musk's personally.
- ggm 4y agoFair. I didn't understand his cretinous allies had let him avoid any personal liability. I almost hope he does wreck it so that Morgan Stanley, Bank of America, Barclays and Mitsubishi investors takes a bath. Schadenfreude. https://www.afr.com/technology/looming-twitter-interest-payment-leaves-musk-with-unpalatable-options-20230118-p5cdg3#:~:text=The%20%24US13%20billion%20debt%20is,its%20Twitter%20Blue%20subscription%20service https://www.afr.com/technology/looming-twitter-interest-paym.... But, he's got $26b in it. He won't retain control unless he stands by the debts of the others, he'll be last in line for repayment if he wants to own it according to the AFR write up.