It should be noted that Elon Musk is very much in danger of losing control of Twitter, because he’s defaulting to Twitter’s creditors.
Sure, in less than a year, he’s lost 59% of Twitter’s revenue and the value of the company has fallen 54% by Wall Street estimations. But the real danger is that Musk isn’t paying his creditors, and that gives them leverage. They already have enough leverage, today, right this second to force Twitter into bankruptcy.
It should be noted that Elon Musk is very much in danger of losing control of Twitter, because he’s defaulting to Twitter’s creditors.
Sure, in less than a year, he’s lost 59% of Twitter’s revenue and the value of the company has fallen 54% by Wall Street estimations. But the real danger is that Musk isn’t paying his creditors, and that gives them leverage. They already have enough leverage, today, right this second to force Twitter into bankruptcy.
Will Elon Lose Control of Twitter? (Puck.news, soft paywall)