Reply to post: Re: "the bird is free"

Elon Musk jettisons Twitter leadership, says takeover was 'to try to help humanity'

Flocke Kroes Silver badge

Re: "the bird is free"

One of the big loans was taken out by Twitter. If Twitter fails to pay the interest on that loan it will be promptly controlled by bankers.

Other big loans use Musk's Tesla stock as security. Tesla has been overvalued for a long time, to the point where the banks will not lend more against what Musk has already committed. This is why Musk had to sell billions of it to buy the rest of Twitter with cash. The major creditors would love to reduce their risk by selling some of the debt to other banks. Other banks are not buying - not even Deutsche Bank or Alfa. Musk has to keep paying interest on those loans or the banks will sell his Tesla shares.

People will not buy products from adverts next to Donald's Tweets. Advertisers will not buy adverts from Twitter. Musk will quickly have to follow through on his promise to start charging for free speech - or at least his version of it.

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