• fuzzywombat@lemmy.world
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    9 months ago

    Go F Yourself meltdown is probably the final nail in the coffin. It does seem like space nazi knows it’s doomed. Anyone know what happens when bankruptcy happens? Does creditors take over the company? Does he get sued for negligence? Does it get sold to a highest bidder for pennies on the dollar? I’m hoping someone can enlighten us.

    • ripcord@kbin.social
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      9 months ago

      Go F Yourself meltdown is probably the final nail in the coffin.

      I’ll believe it once they’re actually bankrupt. So many things have been predicted as “killing” the company in the last year yet somehow they’re still going and millions and millions of morons/addicts are still using it.

    • tburkhol@lemmy.world
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      9 months ago

      The first kind of bankruptcy, Elon & his Saudi bros keep the company, and the banks lose like 50-90% of their loans.

      The second kind of bankruptcy, the banks get all the servers and office chairs and sell them to either a new data-mining company or a recycler. This isn’t very likely, because most of the value of Xitter is all the people who keep visiting, regardless of whether Elon knows how to monetize them.