Post
Topic
Board Bitcoin Discussion
Re: Elon musk is for crypto or just for attention to boost Tesla, SpaceX?
by
KennyR
on 19/01/2023, 02:34:39 UTC
Twitter was an expensive deal for Musk to take over the media platform. The first set of interest payments on the loans he took to acquire twitter was from I heard $1billion to his lenders.
https://fortune.com/2023/01/18/elon-musk-twitter-sales-revenue-interest-payment-loans-debt

My guess will be him selling more stock of his other companies or possibly his holdings in bitcoin to offset the next set of interest payments in a couple of months down the road.
Elon have been trying to make good revenue through the Twitter acquisition. His plans didn't work, as he keeps making changes to the terms on the usage. Over the days after the acquiring the market of Twitter keeps decreasing due to the firing of staffs followed by the profile verification as premium services. Hate speech and eye same have made advertisers move out of Twitter causing major revenue loss. Even if the verified users prefer the blue tick service then it might bring another $400 - $500 million in revenue every year. The first loan settlement will give the outlie of his further plans for selling of his alternate stocks or had some other plan.