Part of Elmo’s debt incurred to buy Twitter carries floating rate interest, so this is kinda personal for him.
Part of Elmo’s debt incurred to buy Twitter carries floating rate interest, so this is kinda personal for him.
@NastyOldWomyn If I were him I'd be more worried about defaulting on loans made by the Saudis. They don't seem to be a very forgiving bunch. I wonder if he's offering them favors in lieu of profits?
@mendyboyd The Saudis didn’t loan him anything, as far as we know: their investment fund simply rolled over its original shareholdings. Shareholder rights are established in writing, upon issuance of the shares, but there won’t be any dividends declared for awhile, in all likelihood.
@NastyOldWomyn Thanks for clarifying that. I confess I don't know how most of that part works. Surely the shareholders can't be happy about the advertisers leaving though, that's 90% of the revenue.