this post was submitted on 31 Oct 2023
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So you genuinely think twitter is worth 0$? If so, you are dumb. corporate debt means nothing when the main value you have is intangible, nonliquidatable assets. Twitter is still worth a lot of money, even with it's debt and revenue decline.
No it's not, people putting more money into it, are more likely to lose than to earn on it. The thing formerly known as twitter, is a dead man walking, it will only be able to continue for as long as people accept not getting their money, or putting money into it at a loss.
Of course the millions of users have value, but the company does not, because the debt is higher than the total value. Only way to continue, is a restructuring where a lot of people will lose a lot of money, but they may accept it as better than losing all.
Elon musk managed to push half his loss onto other people, by borrowing $20bil in Twitter. I suspect they will not be happy, and Elon Musk's word will be worth a lot less after this.