nuff said
this post was submitted on 15 Jul 2023
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It's not really that different from buying a house or car. The money Musk put forward is the down payment, the loan is the mortgage, the company assets are the collateral. Where it's sketchy is that a house or vehicle is generally worth repossessing and selling if you default, but by the time Musk is done with Twitter, it'll be worthless.
Think of him like a crackhead who strips the plumbing and wiring from the house he has a mortgage on, before skipping town