No. Whoever wrote this doesn’t understand bankruptcy.
If things got really bad creditors would take control and sell the business to shareholders who would install a clean CEO who would entice advertisers back.
Twitter isn’t public, though. Elon took it private when he took over, so there aren’t any shareholders beyond Elon and the Saudis who chipped in money to buy it.
No. Whoever wrote this doesn’t understand bankruptcy.
If things got really bad creditors would take control and sell the business to shareholders who would install a clean CEO who would entice advertisers back.
No one would utter the b-word.
Twitter isn’t public, though. Elon took it private when he took over, so there aren’t any shareholders beyond Elon and the Saudis who chipped in money to buy it.
That doesn’t preclude what I said though.