I’m a little confused by this comment, Twitter isn’t a publicly traded stock anymore?
Unless you mean he made deals with them before he BOUGHT twitter (for well beyond market value), meaning the hedgies would be taking a loss…?f
edit: that doesn’t preclude the possibility he’s tanking the company so he can declare bankruptcy to get out of his loans, but that doesn’t involve conspiring with hedge funds, it’s just a different kind of financial fraud
Yea, I mean I think it’s probably his best play. But I don’t really grant him to be so principled as to have originally bought twitter for that purpose: I think he’s a dumbass who got called on a shitpost, and now he has to weasel his way out.
Doesn’t mean he’s not also a reactionary cunt, but I personally think that plays second fiddle to this situation.
I’m a little confused by this comment, Twitter isn’t a publicly traded stock anymore?
Unless you mean he made deals with them before he BOUGHT twitter (for well beyond market value), meaning the hedgies would be taking a loss…?f
edit: that doesn’t preclude the possibility he’s tanking the company so he can declare bankruptcy to get out of his loans, but that doesn’t involve conspiring with hedge funds, it’s just a different kind of financial fraud
Your edit has been my pet theory for some time. That and he gets to ruin a platform that leftists have used to organize around the world.
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Yea, I mean I think it’s probably his best play. But I don’t really grant him to be so principled as to have originally bought twitter for that purpose: I think he’s a dumbass who got called on a shitpost, and now he has to weasel his way out.
Doesn’t mean he’s not also a reactionary cunt, but I personally think that plays second fiddle to this situation.