That’s very true. That’s why Musk was talking up his plans to turn Twitter into some kind of super-profitable super-app (a la WeChat)… but that’s definitely not materializing, because how many people would trust Musk’s Twitter enough to use it as a super-app?

I think Twitter will have to end up defaulting on those loans. The banks will be pissed off, but they’ll have to work out some kind of face-saving deal with Musk to write off the loans, because at that point only a masochist would want to run/own the company. But who knows.