Thank you for this!
I dislike Musk as much as the next person, but most of the hate of Musk & Twitter/X fails to make the distinction that they are not the same thing. At this point, any additional capital injected into X is throwing good money after really bad money.
It’s getting close for me…
There is a save feature on lemmy :)
He did not borrow 44 billion to buy Twitter.
He put about ~13 billion dollars of debt on Twitter itself, so he had to come up with about 31 billion in equity. He was able to secure third party equity commitments of around 7 billion (Larry Ellison, the Saudis, etc.). He also held a minority interest of about 4 billion in Twitter. He funded the remaining 20 odd billion with a combination of cash (from cash holdings and selling Tesla shares in early 2022) and equity margin loans on his remaining Tesla shares. It is understood that he likely paid off most of his margin loans as he continued to sell further Tesla shares in late 2022.
The 1.5 billion interest expense you mention is just for the bank debt (that the banks still hold, and have been unable to sell), and is Twitter’s responsibility, not Elon’s.
This is a long way of saying that I think the banks will own Twitter within 6-12 months. They will not roll over like landlords, and its far more clear cut for a missed loan payment.
Thanks for this! I have been using iCloud Keychain for a while and was generally satisfied. However, it wasn’t until I recently switched from desktop Safari to Arc that I considered a third party password manager, but was stuck in decision paralysis.
Given the overwhelming responses in this post, BitWarden it is!
Compact is available :)
Settings -> Content -> toggle Compact View.
I thought it was missing at first because it wasn’t in the Appearance section of the Settings.
Of course! I am mostly browsing All to discover other communities that I haven’t found yet.
Amazing history! Thank you.
Ahh! I finally found how to block it. All is suddenly more useable
Thank you! Very helpful
You should do this anyway - it funds great original educational content, and is quite good value.