Comment on Elon offers Wikipedia $ 1 billion to change their name to Dickipedia

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Phen@lemmy.eco.br ⁨1⁩ ⁨year⁩ ago

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.

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