portifornia

'he only used some of his cash to buy Twitter for $44 billion. For the rest of it, he used a tactic called a leveraged buyout and spent $13 billion of borrowed money on the acquisition. And now Twitter—not Elon—is on the hook for that loan.'

'he only used some of his cash to buy Twitter for $44 billion. For the rest of it, he used a tactic called a leveraged buyout and spent $13 billion of borrowed money on the acquisition. And now Twitter—not Elon—is on the hook for that loan.'

I'm guessing here, I don't think Musk, the person, took out the loans, I think xitter did. So if xitter defaults, Musk's assets aren't on the line.

Edit for clarity: 'leveraged buyout with debt reassignment post acquisition'

Seymour

Undercover office Potty - SNL 🤣

It's not the right answer, but all the same, my head said:

Queen bees and Dodo birds

... - I think that checks out.

Nah, Portland's guy is the unipiper!

This is the way.

Wish I would have walked out of The Blair Witch Project.

They have a habbit of spending billions on stock buybacks to keep their prices high 🫠

Lol, that explains why I'm always in boxers! 😅

Oh that's interesting! Locally in the US I'm always noticing the opposite: it's all briefs or boxer-briefs, rarely boxers.