3 ms·

I wonder if the lenders can push him out if/when Twitter stops making debt payments.

• hn_throwaway_99 3y ago
  Yes, if you file for bankruptcy, debt creditors have rights senior to equity holders.
  • shuckles 3y ago
    In that case, seems like there's a way to get back our lovably dysfunctional social network. Just gotta outlast their cash on hand. Edit: Pre-acquisition Twitter bonds are trading at ~70 cents on the dollar. Seems like the acquisition financing isn't being traded yet -- banks trying to avoid facing write downs?
    • hn_throwaway_99 3y ago
      According to Musk, Twitter is now at least break even. Who knows if that's true or not.
      • banannaise 3y ago
        I would presume he means they're break-even in cashflow (aka the bills he actually wants to pay). They are racking up massive debt to leaseholders, cloud providers...