>>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.
>>adrr+7g
Yeah, $13 billion being the generous side of the very most Twitter was ever actually worth, so that's the all the banks were willing to finance
Musk himself is personally on the hook for $25 billion