Elon Musk’s loan pile could explain the chaos on Twitter

It’s safe to say that Elon Musk has a lot on his plate right now.

The richest man in the world took out a $20 billion (over $30 billion) loan to buy Twitter. Twitter is a relatively unprofitable social media website idealized by many as a “global town square.”

interest Twitter alone is expected to cost about $1.5 billion annually, according to reports in the New York Times, Bloomberg, and the Financial Times.

But even during the turmoil of the acquisition, Musk didn’t stop posting updates on the platform.

How Musk Acquired Twitter

Perhaps notable from the outset is that Twitter sued Musk in the process and tried to force a sale.

But the story began in January, when Mr. Musk began buying large amounts of Twitter stock.

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