7 ms·

I have the feeling in the very near future a controlling amount of Twitters debt could be purchased for 7B

• slt2021 3y ago
  debt does not offer control over company. if it were, it would have been called differently
  • acover 3y ago
    They are implying Twitter will default on their debt and the debt owners will take what's left of the companies assets - the company.
    • slt2021 3y ago
      Elon’s titter shares are backed with his assets (mainly Tesla stock), so I dont see how titter will default unless tesla stock gets heavy heavy beating (which it surprisingly endured pretty well so far) Twitter has not defaulted so far because elon can just pour money in and cut expenses - which he has been doing since taking over
      • aorloff 3y ago
        It's hard to build a revenue stream by cutting expenses.
      • HWR_14 3y ago
        No, Twitters 12.5 billion in debt is backed by Twitter. Money that Elon personally borrowed to buy Twitter, but Twitter is not on the hook for, is backed by Tesla. Elon defaulting won't affect his ownership of Twitter (because he pledged Tesla shares) and Twitter going to zero won't affect Elons other investments (unless he voluntarily adds more money to Twitter).
• nebula8804 3y ago
  No way it happens before the 24 election. Musk with his Space company, his commanding lead on EV infrastructure and what is still a sizable pop culture megaphone has the US leadership by the balls in some respects.
  • Spooky23 3y ago
    He may, until he overdoes or otherwise flames out. The dude is too volatile and has nobody able to talk him down.
    • nebula8804 3y ago
      If he overdoses the stock of a company that is listed in major indexes will crash. Thats a big deal and people will move heaven and earth to care for him because of that. Not to mention all the other things I mentioned: those things can't go away or the US is in big trouble so they will find a way to keep him going