Twitter was not in a financial nosedive until Elon saddled the company with $13B in loans (used to acquire the company) while also tanking revenues by scaring off all the big advertisers who think the platform won't be brand safe in the free speech future. He did that himself. He also gutted engineering teams at Twitter, so their ability to execute quickly on whatever his new vision is seems in jeopardy. I predict Twitter is going to $0 and probably a lot sooner than you might expect.
And sold to some dude by $44 Billion... ;-)
Smart lawyer wrote a nice piece of a contract.
must be a really smart businessman with deep pockets.
Is that in addition to the 1B in interest each year?
Last year Twitter lost $221M so, yes, much of the $4M daily loss is due to Musk’s leveraged buyout.