It is largely the same as not paying rent. He is scrounging to stop cash outlays because the financing gets messy. At some point Twitter goes bust in a way that

It is largely the same as not paying rent. He is scrounging to stop cash outlays because the financing gets messy. At some point Twitter goes bust in a way that violates the LBO loan agreements and the creditors, who very much do not want to be the creditors but were unable to sell the loans, end up owning Twitter. I suspect Twitter becoming X is mostly a charade to complicate and obscure the financial condition of Twitter.