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by 3cats-in-a-coat 1084 days ago
Twitter does not trade right now.
1 comments
mirekrusin 1083 days ago
Oh crap, you're right, I'm off the loop.

So he just made it private?

link
3cats-in-a-coat 1083 days ago
It's private now, yes. Owned by Musk, Saudi Arabian investors, Jack Dorsey is in with 1 billion (which is now more like 1/3 of a billion) Elon loaned 13 billion of high interest loan from banks, in a leveraged buyout, which means now Twitter owns that debt of 13 billion and paying interest on it of 1 billion a year.

It's a rather dramatic situation.

link