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]So what happens if Twitter keeps losing money?

I assume if it’s even 1B/yr loss he can float that for a long time. Or he can cut and go let it go bankrupt.

If it goes bankrupt, how much does Elon personally lose (what’s his stake)? Who ends up owning, controlling what remains (a bank I assume)?[/quote]
Morgan Stanley, BofA, Larry Ellison, and the Saudis
https://www.reuters.com/markets/us/how-will-elon-musk-pay-twitter-2022-10-07/

“Elon Musk's team is seeking new investors for Twitter as users revolt, advertisers flee, and debt payments loom” AT THE SAME INSANELY INFLATED PRICE HE PAID 🤪
https://www.semafor.com/article/12/16/2022/elon-musks-team-is-seeking-new-investors-for-twitter[/quote]

Per the article:
Total cost: 46.5B
Banks: 13B
Saudis, Larry Ellison & Friends: 7.1B
Elon already owned 4B
Elon Tesla cash out 20B
2-3B mystery

So Elon is in about 24-27B, which would be his max loss in a bankruptcy. Of course you don’t lose it all in bankruptcy as there is a restructuring and some value still.

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