Economics

Idk, you buy a brand and one of the largest social networks everywhere, then you perform some genius business moves:

• "Cut waste", fire the bulk of your talent and hamper the capacity of your network.
• Break embedding for a while to disable reply visibility on the public web
• Ask developers and operators "how many lines of code they contributed" and to print it out
• You completely remove the iconic branding of your network, and do a botched job of redirecting.
• You reinstate trolls and right wing misinformation.
• You cheapen the verified label.
• You launch a streaming platform on the hampered infrastructure.

How is any of this supposed to be moves that any lender could expect a return from?

What about the 2008 crisis was bad for banks? They made hundreds of billions of dollars for a decade, selling literally nothing, gave themselves huge bonuses and golden parachutes, and then got government bailouts. Within 7 years they were back at it, doing the exact same thing. It was a crisis for you and me, it was a consequence-free piggy bank for the banks.

I wonder what part of the deal is causing a loss? A loan under no normal circumstances can lose money. They gave Musk $13B that he had to pay back with interest. As collateral he had to put up Tesla stock. How can that lose money?

Boohoo 😢 /s

Oh won't someone think of the banks /s

Should he buy oil companies now? O Yes, definately O No, too late