As Elon Musk Cuts Costs at Twitter, Some Bills Are Going Unpaid

[Hassin Bin Sober]

18. He's going full magat. He doesn't care about image or advertisers.

Because he intends to run the company through bankruptcy, stiff the lenders, turn the site into a giant 4chan, and ultimately massively profit from user data.

What I don’t understand is how the banks/lenders loaned this guy $12 billion dollars and almost immediately started talking about taking a haircut on the deal. And this was before the shit really hit the fan at Twitter.

If you or I went out and borrowed a bunch of money and immediately filed bankruptcy we would be called into court and investigated for bankruptcy fraud. Hopefully the lenders go after his personal assets.