Paywalled, but here's more for the Xitter bonfire. Looking like the main thing keeping Xitter afloat right now is #Elon managed to assemble a 'too big to fail' financing package. So he can bang on it as much as he wants and his creditors will do whatever they can to keep it from breaking. https://fortune.com/2024/08/20/elon-musk-tesla-twitter-leveraged-buyout-debt-banks-barclays/
@Fellixe Too big to fail? Itβs just anti-social media, not a bank, energy utility, something humans NEED to survive. Xitter could fail & many of us would never notice the slightest ripple in our minute cosmic existence. His ego canβt take a fail is the issue.
@GrazingintheGrass Except that it appears he had roped enough key financial interests into his scheme so ass to create real stakes for the economy when it fails. Maybe not as big as the housing bubble bursting, but a lot of financial pain when the banks stop playing musical chairs with his bad debt, the music stops, and they have to account for the real damage.