Reply to Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder

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Reply to "Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/vranicawsj/status/1602325637594742785?s=46&t=Z28epWqhxNXYhT0-wmetrw[/twitter][/quote]

You can’t lie on earnings calls. Performance metrics on this next warning call will be eye watering[/quote]

Twitter is no longer publicly traded. [/quote]

Ooops, duh.

How long will his backers take an L? His bank syndicate must be sh#tting their pants. [/quote]

They are apparently trying to convert the loans to margin loans backed by Tesla stock.  https://www.bloomberg.com/news/articles/2022-12-08/musk-bankers-mull-tesla-margin-loans-to-cut-risky-twitter-debt[/quote]

Mindboggling how the lenders thought Musk would be able to generate enough new cashflow to pay another $1.2 bn a year. Greed is good. [/quote]

They didn't.  They thought they would just offload it all to a bunch of suckers.  But that was before he spent months dragging Twitter through the mud trying to get out of the deal, and then a couple more months destroying its ad business after he bought it.  Now they are freaking out that he's going to bankrupt the company and they'll be stuck with worthless debt.  No idea why Musk would agree to convert these to margin loans.[/quote]

He won't. He wasn't stupid enough to risk that much of his own money. [/quote]

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