Quote:
Originally Posted by GrantDawg
I do call into question the reasoning of the banks on the Twitter loan. They loaned this money and immediately started trying to sell off the debt at less than the value loaned. How does that make sense? They are offering not two weeks later at 60% value and can't find takers. How does everyone involved not immediately lose their jobs?
|
In fairness, he's done quite a bit in 2 weeks to destroy the value of the company. The Paul Pelosi tweet probably sunk the company by itself.
A lot of the financing was put together when he bought the company earlier in the year. Things have changed since then (recession fears, high interest rates).
The Saudis and Chinese on the other hand just wanted access to Twitter to root out dissidents. I don't think they care much about the actual return on investment.