this post was submitted on 03 Dec 2023
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[Youtube: Patrick Boyle] Twitter is Going Bankrupt! (Note: Clickbait but...) (www.youtube.com)
submitted 1 year ago* (last edited 1 year ago) by dragontamer to c/realtesla
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Apologies for the clickbait video title. Patrick Boyle (Youtuber) seems to have wanted to name this video clickbait. And rule5 is to keep the original title, so... I'll keep the original title.

Still, after watching all 30 minutes (!!!) of it, I think I like this guy's dry sense of humor and his knowledge of this subject. To be fair, I didn't learn anything in particular here (everything is just a summary of the past ~1 year of Twitter). But maybe some of yall have missed the twists-and-turns of this first year of Elon Musk's ownership of Twitter.

So this 30 minute video remains a good summary of everything post-acquisition. And yeah, its a lot, but... a lot has happened this year. So its a good length for the exhaustive summary presented.

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[–] dragontamer 1 points 1 year ago (1 children)

There is one qualm with relying upon the $13 Billion loan as an argument for why Twitter will go Bankrupt.

Elon can likely pay $7ish Billion to buy the loans. Which is an amount Elon can pay, and is likely a better plan than paying $1.3 Billion/year perpetually.

I dunno why Elon doesn't do this. But it's a pretty simple solution to his problem.

[–] drdabbles 1 points 1 year ago (1 children)

He doesn't do it because he wants it to sink. And Patrick covers the fact Elon could pay but said he won't.

[–] dragontamer 1 points 1 year ago (1 children)

said he won’t.

I don't trust a single word out of Elons Mouth lol. But you are right.

[–] drdabbles 1 points 1 year ago

For sure the best policy. But the odds of him spending more money on something he tried backing out of, that is now a total failure with decreasing value for his personal brand? They seem low.

For me, the funniest outcome would be for him to have to sell more shares to fund paying off all the banks, trying to keep it afloat, and it just flops hard.