from the article. > So what is Elon’s game here? Perhaps, as I have written before, he is essentially cosplaying as a bankrupt entity—by not paying his bills a

from the article. > So what is Elon’s game here? Perhaps, as I have written before, he is essentially cosplaying as a bankrupt entity—by not paying his bills as they become due—so that he can scare the big Wall Street banks that own Twitter’s $13 billion of debt to sell it to him at a steep discount, perhaps at a price even lower than the 50 cents on the dollar it would probably trade for now, if marketed to investors. Not that Elon necessarily wants to buy the debt, even at a big discount. But this may be the path of least resistance if he wants to prevent the company from falling into the hands of the voracious distressed debt community on Wall Street who are in the “loan-to-own” business. > If the debt gets bought by the likes of DoubleLine Capital, or Apollo, or Oaktree Capital, then all bets are off for Elon and he will lose control of Twitter. I have little reason to think Musk will lose control. It's much too valuable (politically, socially, and for his business) even if he keeps losing money.