zlacker

>>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.

[0] https://www.cnbc.com/2022/10/05/banks-financing-musks-twitte...

>>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
IFAIK the loans are secured by Twitter equity. Trouble is the loans add up to more than what Twitter is worth. The banks will have to write down the value of those loans. But the equity investors, including Elon, will get what scraps, if any, are left after creditors get paid.

>>Zigurd+zd
Musk is still on the hook for the loans whether Twitter goes under or not. The danger they face is if Musk loses enough to not be able to cover the loans personally.