Birdwatch Note Rating
2023-10-05 14:06:23 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 6183A72840BEDEC4C139FE59BC300AA9F37711F247CD685D9958892B3ABDC18C
Participant Details
Original Note:
The premise of this post is both false and misleading. The CEO of X has a meeting with banks set for Oct. 5th and has a strong position. X has a capital profile of $13 billion in debt, $31 billion in equity. Musk’s $22.9 billion stake equates to an ownership stake of 74%. https://fortune.com/2023/10/04/elon-musk-x-debt-twitter-financials-wall-street-upper-hand/ https://www.reuters.com/markets/us/musks-banks-book-twitter-loan-losses-avoid-big-hits-sources-2022-12-14/
All Note Details