The advertisers have left Twitter in flocks due to uncertainty of the monitoring ability of Twitter over misinformation and hate speech.  Musk has claimed he will monitor and stop hate speech but also is releasing US Govt agencies data showing how involved they were in info on meddling with info on Biden’s son and the Trump Russia connection that was never proved.

Politics aside, Musk has the right to buy Twitter.  There are inherent rights in this country that politics left or right, cannot remove just because they don’t like something.  Let’s step back and look at the facts and not get emotional about all of this first.

Elon Musk paid $44 bn for Twitter but borrowed $13 billion to do so.

Musk has let go half of Twitter’s workforce to cut costs

Elizabeth Warren US Senator Dec 18, 2022 writes letter to Tesla Board with concerns of Conflict of Interest.

Twitter generated about $622 Million in cash last year. Now, TWITTER debt outstanding – $12.5 billion as a result of Musk’s leveraged buy out. The cost of that debt annually is 1.5 bn. Interest rate of 12 per cent. Most of the debt is unsecured (nothing behind it). All investors including Musk could lose their stock (equity). Filing for Chapter 11 bankruptcy will allow company to re organize and raise new funds but creditors would have to agree.  Creditors could take control of Twitter. Musk may buy the debt himself But if banks unload it Twitter may end up in the hands of distressed debt funds.  Buying distressed duty (bonds) involves buying them at a steep discount in hopes of making a profit during restructuring.

The future will tell whether Twitter can avoid bankruptcy and whether Musk was smart or not to buy it.  If it goes under because it only made money in two of the last 10 years that’s math not politics.