@dietotaku Personally, I think it's just that he never had the personality or ability he tried to project, and he's long since gone mad.
I don't think there's any plan at all. I think he just howls and rants and gibbers and does whatever pops into his damaged brain.
No, of course he doesn't get to write it off. If you buy a car and total it, you still owe the bank the money on the auto loan.
Neither the banks nor the Saudis are going to tell him "No harm, no foul" on the billions they lent him to pursue this. The banks, at least, would be sued by their shareholders.
@mcfate business loans don't work the same way private property loans do. it certainly wouldn't be the first time it was more profitable to bankrupt a company than actually run it well (see also: Toys R Us).
What assets does he have in Formerly-Known-As that are worth anything at all to anyone at all?
There's no magic to business loans, sorry.
Feel free to explain to me how bankruptcy would let him come away with not just the $44 billion he paid, but a PROFIT.
@mcfate like I said, I think it's for tax purposes. if he can write the $44B off as a loss, that's $44B he doesn't have to pay any taxes on. no income tax on whatever he pays himself as CEO or CTO or whatever, no capital gains taxes on Xitter's stock price.
they also certainly do have assets, including real estate in one of the highest-prices markets in the country.
There are much easier ways to get tax write-offs than completely burning down any good reputation you ever had, and doing it in such a way that it impacts your OTHER interests.
Not everything is a conspiracy. Sometimes stuff that seems witless and senseless IS simply witless and senseless.
Occam's Razor is your friend.
Let's keep in mind that Elmo virtually has no income as such, and he's never had $44 billion worth.
He just takes out loans using Tesla stock as collateral.
@dietotaku That interesting. I've heard that organized gangs of people have finding new ways to rush in and grab stuff out of stores en masse.
I'm sure it'll all work out.
@dietotaku It's the invisible hand of the market!
@AskTheDevil and sometimes the extremely visible hand of the market! self-checkout = five-finger employee discount, bitchessss
I HATE BEING ALIVE IN THIS COUNTRYYYYYYYY