>>prawn+(OP)
It remains very funny that he paid forty-five billion dollars for the privilege of humiliating himself daily with these petulant temper-tantrums. Amazing bit.
>>browse+B6
To note, he didn't pay the whole forty-five billion dollars, investment banks have a part of that and are also eating dirt. I have no sympathy for them either, but it brings more flavors to the whole thing.
>>makeit+V9
Secured as debt against his Tesla shares as collateral, which with the slide, means he has to put up more Tesla shares, causing a very nasty snowball effect
>>Provin+Ub
That’s not true. Most of the debt was leveraged against Twitter, it’s a classic LBO.
The investment banks have been attempting to change that to a margin loan against TSLA shares, because of course they are. They are holding effectively unsellable debt now.