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Twitter To Rebrand As X (www.theverge.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 11 months ago (1 children)

Depends.

If he thinks Twitter is irreperably dying, this may be a way, in which he can get out of repaying the loans he used to (partially) fund the buyout of twitter.

[–] [email protected] 0 points 11 months ago (1 children)

How does that get him out of the loans?

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

depends how the loans worked.
I was assuming his majority shares of X (ex Twitter) collateral.
And that that he could just go "yeah, go on, collect on your collateral, I don't mind", because it's not worth anything anymore.

But admittedly I have no Idea how the contracts were drawn up, if this is possible and if his other money would be available to collect on.