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by JumpCrisscross
1103 days ago
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> Elon appears to believe he just doesn't need to pay for things He's the equity anchor for the last cycle's top-tick LBO. He's trying to get to unlevered cash-flow positivity so he can renegotiate the debt from a position of relative strength. (That or wait until a regulator fines Twitter out of existence so he can blame them.) Either way, he's–perhaps rationally–hyperbolically discounting. Cash today is worth more than that cash tomorrow plus court fees and reputation. |
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