Looks like winter is here. Between this and the Meta layoffs , the era of 500k TC might be over.
That's of course assuming the bank asked for any of this when negotiating financing.
You can see this in his recent statements walking back the whole "free speech extremist" thing. Putting aside the fact that Elon does not practice what he preaches, and my personal belief that free speech should not be afforded to censorious political ideologies[1], you simply cannot run a 100% unrestricted free-for-all and expect to make money off of it. Users don't want to use a platform full of spam, advertisers do not want to be on the same platform as Nazis, etc.
If Elon had self-financed everything then none of the above would apply and he could do anything he wants with it. Unban everyone, ban everyone, shut the whole thing down, etc.
[0] Repay the loan immediately to compensate for the loss in value of the property - in this case, Twitter's potential sale value.
[1] Nazis and tankies[2]. No freedom for dictators.
[2] Authoritarian-left on the political compass. The people who deny the holodomor, cheered for the Soviet Union crushing Yugoslavia in the 70s, think Ukraine is actually run by neo-Nazis (it's not), etc.
Regardless, things aren't going to be fun for tech workers anytime soon.
https://www.businessinsider.com/facebook-managers-are-warnin...
I think your right, I'll look more at sources vs sensational articles going forward.