nulldev to Technology@beehaw.org • 1 year agoJudge orders sheriff to evict Twitter from Boulder officewww.bizjournals.commessage-square86fedilinkarrow-up1249
arrow-up1249external-linkJudge orders sheriff to evict Twitter from Boulder officewww.bizjournals.comnulldev to Technology@beehaw.org • 1 year agomessage-square86fedilink
minus-square@marco@beehaw.orglinkfedilink7•1 year agoShareholders are only beholden to the value of their shares. The offer was simply too good to pass. Now the muskrat is the only shareholder and apparently he’s happier without decorum.
minus-square@agentsquirrel@beehaw.orglinkfedilink8•1 year agoHe’s still beholden to the banks that helped fund the purchase and has to make interest payments.
minus-square@NattyNatty2x4@beehaw.orglinkfedilink4•1 year agoThe banks don’t care how much Twitter is specifically worth, just that they get their money from somewhere. They’ll happily find Musk burning a company down if they’re also confident that he’ll be able to pay off his loans from somewhere else
Shareholders are only beholden to the value of their shares. The offer was simply too good to pass.
Now the muskrat is the only shareholder and apparently he’s happier without decorum.
He’s still beholden to the banks that helped fund the purchase and has to make interest payments.
He can just sell some more TSLA …
The banks don’t care how much Twitter is specifically worth, just that they get their money from somewhere. They’ll happily find Musk burning a company down if they’re also confident that he’ll be able to pay off his loans from somewhere else