Actually it does: he financed it like a PE looter, adding the debt to the target company. That gave Twitter an automatic $1-1.5 billion annual setback compared to where they had been.
The creditors must enjoy Elon talking about bankruptcy already. Maybe he thought he could stop the bleeding by firing everyone. But with advertisers out and revenue gone, he's set for an ugly legal battle in a few quarters. This has to be the most perilous business deal in the history of business and deals.
Yeah, I was expecting him to make a few cuts and focus on subscriptions or other revenue sources but I guess the losses he was looking at spurred a swing for the fences. I feel bad for anyone at Twitter who’s along for the ride.
Yeah, that’s most of who I was thinking about along with anyone whose skills aren’t software developer-level portable. This kind of thing can be really disruptive to families if it forces a move.