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A comment on Twitter alerted employees all office buildings closed and badge access suspended. Parent comment

Re:Twitter alerted employees all office buildings closed and... by lumost on Thursday November 17, 2022 @11:02PM (#33650080)
Curious about how well collateralized that debt is. At current rates I’d be surprised banks would want to write 10s of billions for twitter. Particularly when the business plan is “I will lay off 75% of the company and hope things hold together.”
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Re:Twitter alerted employees all office buildings closed and... by fbdab103 on Friday November 18, 2022 @12:58AM (#33650947)
I have only been reading the details through Money Stuff, but according to Levine, the banks are taking a bath on the deal. Currently trying to underwrite the debt for 60-70 cents on the dollar.
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Re:Twitter alerted employees all office buildings closed and... by gcapell on Friday November 18, 2022 @02:47AM (#33651614)
A few _days_ ago they were looking at 60-70 cents. I suspect those were (relatively speaking) the good old days.
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Re:Twitter alerted employees all office buildings closed and... by hef19898 on Friday November 18, 2022 @04:25AM (#33652314)
And they were offered like 50 cents, if memory serves well. Brings some serious Margin Call vibes, doesn't it? "Sell everything, today", getting 50 cents is better the 30 or, worst case, nothing. Looking forward for the banks to find loopholes in the agreements with Musk and sue him for negligence or something.
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Re:Twitter alerted employees all office buildings closed and... by bandrami on Friday November 18, 2022 @04:48AM (#33652508)
"65? Jesus. Let me call you back in 5 minutes." "In 5 minutes it will be 55"
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Re:Twitter alerted employees all office buildings closed and... by hef19898 on Friday November 18, 2022 @04:58AM (#33652585)
This movie slowly turns into my most rewatched one!
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Re:Twitter alerted employees all office buildings closed and... by ChoGGi on Friday November 18, 2022 @03:48PM (#33661918)
Which movie?
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Re:Twitter alerted employees all office buildings closed and... by bandrami on Tuesday November 22, 2022 @03:34AM (#33703442)
Margin Call. I have no idea why it wasn't more well-known. Kevin Spacey, Jeremy Irons, Zachary Quinto, Paul Bettany, Demi Moore, Aasif Mandvi, Stanley Tucci. It's about a thinly-disguised Goldman Sachs realizing the housing market was about to collapse in 2008 and unloading all their toxic assets in a single day.
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