I'd argue that you have to be horrible already to have loads of money. Any reasonably good person would be using their excess wealth for a good cause rather than building ego rockets.
Money = power, and power corrupts. I'm sure there are some people who are horrible before they become wealthy, but I think money (and power) has a way of blunting peoples' empathy.
He doesn't need to pay. Twitter is already worth less than the debt, if he continues to break that company apart there'll he no reason to even consider paying the debt off.
The way I understood it is that he didn't get a loan to buy the company, but had a bank itself buy Twitter as a loan, so Twitter itself is the collateral. That's what I did when I bought my apartment: a bank bought it from the constructor and let me live in it while slowly buying it from them over hundreds of installments. If I stopped paying the bank would kick me out and sell the apartment to someone else.
That isn’t quite right. If you stopped paying the bank would kick you out and sell the apartment to someone else, but if they get less than you owe them for it, they will also send you a bill for the remainder.
And then sue you to get that money.
Interestingly, if they get more than you owe them for it, they will cut you a check for the difference.
But you are actually wrong about how and what the order of operations is.
You are buying the house, the lender (bank) writes the check directly to the seller, and you sign a mortgage agreement for that much with the bank and they put a lien on your house. The bank does not own the house, you do. The bank owns a promissory note from you, backed by your personal wealth and credit and the value of the house (that they have a lien on).
In the case of Twitter, yes, Twitter itself is part of the collateral, but so was Elon musks personal wealth and Tesla shares.
Linux has gotten great over the years and keeps improving while windows gets worse and worse every day. This has been going on for many years now.
I switched already and suggest you give it a shot as well. It's honestly much easier than windows if you know the basics and understand how things are done there.
Mildly Infuriating
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