this post was submitted on 05 Jul 2023
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Twitter was locked in a chaotic doom loop. Now it’s on the verge of collapse | Siva Vaidhyanathan (www.theguardian.com)
submitted 1 year ago by biggiepants to c/technology
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[–] givesomefucks 17 points 1 year ago

Yep.

And it is a lot of Tesla stock he had to put to cover that much.

The banks won't hold it or even accept it directly tho.

Musk would have to sell all that stock, which would crash the stock price. Meaning he has to come up with the money from somewhere else.

The whole thing is a house of cards and has a chance to completely wipe him out. He's over leveraged, it's not that complicated.