Elon Musk claims Twitter has lost ~40 billion dollars in value • Hacker News Board

Re: Elon Musk claims Twitter has lost ~40 billion dollars in value

#21

Post by Zigurd » Wed, Sep 06, 2023, 1:58 AM UTC

h2odragon wrote: post #13

Does Elon/X pay back loans based on this current deflated value? Or the equivalent with buying back / diluting stock or whatever the mechanations are. Starlink's global "last mile" coupled with "you have to have an X account to use it" or even "free X/starlink/internet service" ... he can still win on this deal, i think.

It's a complex question. Without totally committing to the rabbit hole, one can say that the first order effect is that a Twitter bankruptcy would result in the creditors owning Twitter and the equity holders getting wiped out.

Re: Elon Musk claims Twitter has lost ~40 billion dollars in value

#22

Post by meepmorp » Wed, Sep 06, 2023, 10:54 AM UTC

warning26 wrote: post #9

jefurii wrote: post #3

And whose fault is that? Dude needs to take a good hard look in the mirror before blaming somebody else.

Who would have thought that laying off most of your staff, implementing poorly conceived product changes, and alienating your advertisers with edgy hot takes would cause your company to lose value?

Why would the Jews make Musk do that, though?

Re: Elon Musk claims Twitter has lost ~40 billion dollars in value

#23

Post by Zigurd » Wed, Sep 06, 2023, 1:48 PM UTC

richardjam73 wrote: post #20

I wonder if he is just doing this so all the press about not paying severance disappears?

Twitter is probably out of money by now. If you've been inside a business that's in trouble, this is the part where you start doing sale lease backs on whatever capital equipment you have and getting individual founders and early stage investors to write loans. It's probably Elon's money keeping Twitter afloat. Technically out of compliance with his lbo loan covenants, but nobody's going to squeal about that yet.