this post was submitted on 23 Jul 2023
497 points (100.0% liked)
Technology
37737 readers
516 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How does that get him out of the loans?
The lenders lawyer arrives at the Twitter office:
The bonesaw Saudi lenders :)
That makes me think of the theory about Saudi Arabia and probably other countries have had it in for Twitter since Arab Spring.
So this is just Elon doing as instructed: "Make Twitter disappear, but make it look like an accident"
Absolutely
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.