As a former restructuring and bankruptcy advisor at Lazard, I can recognize the signs of a company in distress. And it’s a pretty obvious tell that there’s financial trouble brewing when a company stops paying its bills.
We can only hope 🙏
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Elon Musk could lose 99% of his wealth this month, then 99% of his remaining wealth next month and still be better off financially than 99.99% of everyone. He’s not ever going to experience financial distress.
He’ll spin it like it was sone master grand plan and his zealots will eat that shit sandwich up and ask for poop nuggets for a side.
I’m always annoyed how these types of news are categorized as “technology”, when they’re clearly just “business and finance”.
Yeah Elon owns companies that do “tech”. He has lot of money, because he’s “business and finance” type.
I wish we’d talk more about actual tech than just the rich white dudes who sit on a pile of gold.
Twitter was a hellsite before Musk took over. Even if it could be restored fully to its “former glory” it would still be a hellsite, particularly for minorities.
I mean maybe that’s the plan. He tried to back out of buying Twitter because he knew it would hurt him - now he’s trying to extract as much wealth as possible from Twitter before making it self-destruct, so he at least breaks even and can pay all that debt back without taking any losses himself.
I didn’t think you could lose control of a train wreck.
Muskrat would never take a train; he’s taking a private jet.
And it’s not a loss of control, it’s called a “controlled flight into terrain”.
I could see it happening honestly. He refuses to pay his bills for critical infrastructure, Twitter is getting evicted from one of his main offices, and now there’s a growing debacle with ads being shown with neo-nazi propaganda; if those ad companies start to pull out it’s game over for Twitter, and possibly a good chunk of Elon’s wealth.
Will Elon lose control of Elon? Seems like a far more predictable outcome.
He’s going to team up with Steve Hoffman (spez), mark my words.
Not surprised if spez will try to sell Reddit to Elon at one point.
If spez was smart, he’s not, he’d find a way to get musk to pay twice the value of it.,
For $90 billion. No wait; I want out of this thing. Something something bot accounts. Wait, it’s going ahead and this isn’t just some shitposting I did for fun? Ok that’s fine. That’s what I meant to do. I meant to buy it. I’m a billionaire after all. We must be smart.