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Does Elon/X pay back loans based on this current deflated value? Or the equivalent with buying back / diluting stock or whatever the mechanations are. Starlin
by h2odragon 3y ago
Does Elon/X pay back loans based on this current deflated value?
Or the equivalent with buying back / diluting stock or whatever the mechanations are.
Starlink's global "last mile" coupled with "you have to have an X account to use it" or even "free X/starlink/internet service" ... he can still win on this deal, i think.
- rsynnott 3y ago> Does Elon/X pay back loans based on this current deflated value? Eh? No. No-one sensible would ever give out a loan on that basis.
- Zigurd 3y agoIt's a complex question. Without totally committing to the rabbit hole, one can say that the first order effect is that a Twitter bankruptcy would result in the creditors owning Twitter and the equity holders getting wiped out.