@scalzi
Per the article, Twitter was rarely profitable before the takeover. But it was always close enough to profitability that it could have survived on cash left over from its IPO for a long time, and on its ordinary lines of credit after that, before resorting to hard money lines of credit.

Now it's carrying a massive load of hard money credit. Its second largest owner is the Saudi prince who runs the Saudi sovereign wealth fund -- apparently from his personal wealth, but given that he was in prison for a while for not kissing the boots of the acting king, he's on a short leash.

The Saudis want Twitter dead, because it was an organizing tool for dissidents. The prince may be sad about losing his investment, but he's probably already celebrating his return to royal favor.

Other investors are fascists like Phony Stark, but not as crazy. Their attitude is probably, "You win some, you lose some."

The bankers are probably sweating a lot though, and contemplating clawback lawsuits.