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]He must be doing this on purpose. Drive the company into bankruptcy and reorganize without ramifications???[/quote]

I still can’t figure out his play. He’s certainly acting like someone who will bankrupt the company - not paying rent, not paying legally required severance, not paying vendors, auctioning the furniture, etc. I doubt Twitter is making its tax payments. It’s as if he’s hoarding the company cash and trying to force the creditors to deal with a bankruptcy court to get paid.

I still can’t figure out the end game.[/quote]

Trying to make them accept pennies on the dollar is a time honored tradition. Real estate investment trusts aren’t as susceptible to extortion. And California regulators are pretty serious about its labor and tax laws. There’s a good reason the Twitter legal team is gone. Musk cannot stand being told “you can’t do that.”[/quote]

I wonder if he wants to be shut down by the government so that he has someone to blame. Twitter with the level of debt he saddled it with was always a very iffy proposition. After the first week of layoffs and his personal trolling led to advertisers fleeing, making the debt payments became a pipe dream. Now he's going to be dealing with violations of California labor law, a violation of the FTC's consent decree, and utter inability to comply with GDPR requests or or California CCPA requests, not to mention European labor law violations. [/quote]

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