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Twitter To Rebrand As X (www.theverge.com)
submitted 3 years ago by to c/technology@beehaw.org
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[–] 7 points 3 years ago (8 children)

Depends.

If he thinks Twitter is irreperably dying, this may be a way, in which he can get out of repaying the loans he used to (partially) fund the buyout of twitter.

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  • [–] 15 points 3 years ago

    If you're thinking this an "artist formerly known as Prince" sort of thing where Prince got out of a contract, I'm sure all the debt holders have the proper legal verbiage to have agreements remain valid in the event of a name change.

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  • [–] 10 points 3 years ago (5 children)

    How does that get him out of the loans?

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  • [–] 18 points 3 years ago (3 children)

    The lenders lawyer arrives at the Twitter office:

    Lawyer: This is Twitter, is it?

    Musk: (with a fake mustache) No, it's X.

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  • [–] 5 points 3 years ago (2 children)

    The bonesaw Saudi lenders :)

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  • [–] 1 point 3 years ago*

    depends how the loans worked.
    I was assuming his majority shares of X (ex Twitter) collateral.
    And that that he could just go "yeah, go on, collect on your collateral, I don't mind", because it's not worth anything anymore.

    But admittedly I have no Idea how the contracts were drawn up, if this is possible and if his other money would be available to collect on.

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