• panopticon [comrade/them]
    ·
    2 years ago

    Truly amazing. It's like getting a mortgage but like, you just pay the down payment, some other guy has to pay off the rest. Also you get to collect rent the rest of the time. Lmao

    Also at the same time borrowing some money for the down payment. Lol

    • threshold [he/him]
      ·
      2 years ago

      wait, I kinda understand this but not really- is there an essay or youtube vid explaining this?

      • panopticon [comrade/them]
        ·
        edit-2
        2 years ago

        Well if I've understood correctly, Muskipoo got to buy Twitter with mostly borrowed money. He put in roughly $15B of his own money, and the rest was covered by loans that must now be paid off with revenue from Twitter...