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I could be missing some details here, but when he bought it and took it private, doesn't he already technically own all of Twitter's IP? So he would crash his c
by tcmart14 4y ago
I could be missing some details here, but when he bought it and took it private, doesn't he already technically own all of Twitter's IP? So he would crash his company to buy back his own IP from himself at a discounted rate?
- shanebellone 4y agoIf the business failed, IP would be sold to satisfy creditors. If you bought a widget for $100, but financed $50 of the purchase, you've effectively spent $50. If you then go bankrupt, buy that something back at auction for $10, you've reduced your cost from $100 ($50 + $50 of debt) to $60 ($50 + $10) after defaulting on the debt.
- tcmart14 4y agoGotcha, that makes a lot of sense then. Thank you!