Quote from: 8rch7 on January 19, 2023, 08:46:38 AM

Quote from: rdbase on January 19, 2023, 02:13:56 AM

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 Musk's purchase of Twitter could possibly be the biggest mistake from a business standpoint, and this failure might threaten Elon Musk's wealth, because Elon Musk is risking his shares in other owned companies to convey Twitter transactions, according to information Elon Musk obtained funds to admit the Twitter through several sources,
$20 billion of private funds
$13 billion of collateralized loans using Twitter shares generated collateral, while $4 billion of Elon Musk's stake from Twitter.

I heard that he is selling it again or he is looking for a new owner? So maybe you guys are right that he is struggling to operate it. Even at the start, many people are sceptical about this move. He sure is a businessman but this wasn't just his field. He is into space, rockets and cars. Not some kind of a social media lol.

It's crazy to know that Twitter is only just a social media but it is taxing him a lot of money compared to his other more serious projects. IDK if Elon still has a Bitcoin on his stash but if he still has it then he might sell it and this will badly interrupt the momentum that we are seeing now. Phew, this guy never fails to disappoint us.