Theory : Musk destroys Xwitter for reduce his debts to banks
The billionaire had last year tried to back out of his $44 billion offer to buy what was then Twitter, but financed the deal by borrowing $13 billion from a consortium of banks. (...)
Musk may be looking to reduce those payments by ensuring X isn't worth very much, Bloomberg commentator Matt Levine posited in January.
https://www.businessinsider.com/elon-musk-looks-like-he-is-destroying-x-intentionally-2023-11?r=US&IR=TOpen linkView original on lemmy.world