Max KennerlyTwitter can't pay its bills. The banks that funded the acquisition can't syndicate the debt. Revenue plummeted and shows no signs of improving. There aren't even any plans to improve revenue. Stock awards are worthless.
JD@maxkennerly can’t or won’t?
@jag0325 Probably a bit of both!
@maxkennerly and will he be made to pay his bills? Seems Trump got away with not doing so his entire life.
Drew Kadel@jag0325 @maxkennerly The company is not listed on any stock exchange but it IS a corporation. If it can't pay its bills, EVERYBODY takes a haircut, but they don't get to Elon himself--though he clearly structured this so that Twitter would eventually (or sooner) would not be able to pay its bills. It's likely to go bankrupt & nobody gets what they're owed.
@DrewKadel @maxkennerly so exactly like Trump always operated.
@jag0325 @maxkennerly Musk's a little smarter. Trump runs his companies a lot more personally, with fewer other stockholders & staff--fewer layers of protection. So more sophisticated but very similar.