Elon Musk JUST Announced Twitter BANKRUPTCY Warning

okay this is crazy I was just exporting

this video now there are multiple

sources suggesting that y'all Roth is

leaving Twitter uh this just adds to the

craziness that's going on over there

because he's he's been like at least

seemingly Elon musk's right-hand man at

Twitter let's get into this holy smokes

the bankruptcy words have been uttered a

per the managing director of the

platformer we have now just heard that

Elon Musk has suggested that quote

bankruptcy isn't out of the question for

Twitter in my opinion this could be very

strategic and we're going to talk about

what this means I'm also going to talk

to you about the Twitter spaces that

Elon Musk had where he talked about some

of the Visions for the future of Twitter

uh in including regarding the payment

application they filed which we've

already covered on the channel and then

we're also going to talk a little bit

about the difficult times ahead in fact

why don't we go ahead and start with the

difficult times ahead in a memo to

employees Elon Musk described difficult

times ahead suggesting that everybody

needs to go back to the office for 40

hours a week now obviously in-office

work is heavily debated as to whether

you're more productive at home or in the

office managers suggest they don't know

if their employees are working hard when

they're not in the office and workers

say they feel like they're they have

this thing called productivity paranoia

where they're not sure if they're

working hard enough at home so then they

actually work harder who knows but what

we do know is that Twitter has only been

47 occupied within office workers and

Elon Musk says everybody comes back now

unless he personally green lights work

from home this comes right before him

suggesting that bankruptcy isn't out of

the question for Twitter now I want to

make it very clear this has some clear

benefits of for the company in my

opinion but I want to also be very clear

that bankruptcy does not mean failure

bankruptcy does not mean let's start

over and just shut the company down

right so let's be clear here it all

comes down to Which chapter of the

bankruptcy code you're talking about in

most cases you're looking at either

chapter 11 or 13 rather than a chapter

7. why does that matter well chapter 11

for example is a business reorganization

and an opportunity for you with a judge

to renegotiate debts with your debtors

lowering interest payments or lowering

principal repayments required because

maybe income has gone down substantially

like maybe a lot of advertisers started

pulling out like GM did and many others

have already that's possible so it makes

sense that Elon says bankruptcy isn't

out of the question that is to be

contrasted with Chapter 7 bankruptcy

which would be a liquidation that means

you're closing your stores that means

you're closing the doors everything's

shutting down you're done you're out of

business right so chapter seven going

out of business chapter 11 is yo we got

too much debt our Revenue just declined

we gotta fire people and uh we need to

renegotiate these debts It's actually an

opera opportunity for you to reduce your

liabilities

and uh request you know concessions from

from debtors and basically make them

take part in the restructuring of the

business so that it doesn't go bankrupt

now you don't want to regularly pull

that card because then your reputation

goes to crap right people don't want to

work with you anymore in the future for

individuals that's called having a bad

credit score for companies that's called

you know having a bad reputation no Elon

Musk has a unique opportunity to

potentially file bankruptcy because he

could just do this look I went in to try

to take over I tried cutting as many

costs as I could but too many

advertisers pulled out for political

reasons we gotta file bankruptcy Chapter

11 reorganization now what are some

benefits of this well again you lower

potentially your liabilities and your

interest payments and the terms maybe

you even get pauses on how much you have

to repay when like just total like

interest abatements for a while kind of

like uh you know mortgage moratoriums or

whatever where it's just like oh you

know know just don't pay your mortgage

for 12 months right but think about some

of the things that it does first of all

it kind of makes fired employees feel

like justified in in being fired right

it's like all right I mean they're going

bankrupt that's again sounds like out of

business but it's probably not out of

business but it in some way kind of

probably makes them feel a little better

it's like I don't want to be on that

sinking ship anyway whatever it's not

going to be a sinking ship or whatever

you could think that buy leave

peacefully right then it also makes

firings like firing half the staff at

Twitter 3750 people it makes that seem

less politically radical it seems less

rash if the company is facing bankruptcy

to fire people you would expect that to

happen and it just shows that you're

kind of like you're not sure how much

runway rate you have in fact that's

exactly what Elon Musk said he said I'm

not sure how much runway rate we

actually have left at Twitter we might

have to go bankrupt and I'm sure Tesla

investors would like to hear that

Twitter would rather go bankrupt than

Elon Musk sell Tesla's shares and bail

out Twitter I don't think Elon Musk is

going to bail out Twitter I think he

would rather file for chapter 11

bankruptcy and make the debtors pay or

at least contribute to the restructuring

right and I'm not saying that's right

I'm just thinking that might be what he

might be up to again even though I'm a

licensed financial advisor this is a

financial advice for anyone including

Elon Musk but I think there are some 4D

chess moves being played here I think

it's smart by the way I talk about 4D

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below 60 off it's incredible but what

else does it do well suggesting

bankruptcy also makes current employees

work a lot harder right think about it

if you think oh my gosh the company's

going Banker with to be tight we have to

be more productive we have to be more

efficient we have to be careful with

costs and there isn't this endless well

of tech money now all of a sudden

employees are a lot more respectful

maybe they stop wasting as much as they

previously were wasting because they're

like oh no times are tough but what does

this also do well it allows Elon Musk to

basically prep negotiations with debtors

if it's leak that he's talking about

bankruptcy to employees inside of the

companies well now all of a sudden you

could also be in a situation where

debtors are like ah crap he's going to

call us and threaten bankruptcy let's

start preparing pre-negotiating with

ourselves basically let's start offering

some concessions before we go into a

Judicial bankruptcy maybe we can offer

some concessions before him it's

actually really smart so what did Elon

Musk talk about on the Twitter spaces

well he talked about the eight dollars

per month making it expensive for Bots

or basically spammers to get away with

Spam but you actually have some really

problems really big problems coming out

of this right now is so bad that the

white house and this could be

politically motivated but anyway it's

true the White House is actually coming

out to uh to start supervising and

inspecting what's going on with Twitter

and these verified post issues because

what's happening is people are posting

comments as if they're George W bush

with a uh a blue check mark saying

things like I can't wait to see more

Iraqis you know disappear uh in in the

bad way I'm just going to go ahead and

put it up on screen okay here uh George

W bush tweet is up nine hours later and

then it's quoting I miss killing anyway

pretty bad and then uh somebody who's

verified as Tony Blair says same to be

honest these are obviously fake accounts

but how is somebody else supposed to

differentiate that now that everybody

has a blue check mark and so Elon Musk

has suggested on his Twitter space that

look right now what does it take to get

verified all it takes is a phone a

credit card and eight dollars a month

that's great but it potentially creates

some really big issues with very

verifying people's identity because

you're not verifying people's identity

the fact of the matter is I have five

cell phone numbers and I have like 20

credit cards that means I could make at

least five Twitter verified accounts and

if I started using my Google admin and

unlocked Google voices for accounts that

I can make all day long I could have an

unlimited amount of phone numbers and

credit cards all you have to do is go on

the Apple card and click random credit

card number and it makes it look like

you have a new credit card kind of crazy

that's for internet purchases right you

could do that with a lot of different

credit cards now now Elon Musk also

suggests that hate speech is down 95

since their acquisition I don't believe

that I look I'm a fan of Elon Musk but I

think some of the stuff that he says is

you know designed to be marketing and

it's straight up like I think

it's very convenient that Elon Musk on

his own earnings call says oh I think

Tesla Tesla could be worth as much as

apple and Saudi aramco combined you know

5 or 10x from where it is now right

before he starts selling stocks his

shares 20 million of them uh and the

blackout period ends it's just really

convenient okay so Elon is not somebody

who doesn't know how to play the game I

don't fault him for playing the game

don't hate the player hate the game

right but some of the things you do have

to take a little bit with a grain of

salt and again I'm not a by no means an

Elon hater okay okay everybody does

things that that are like yeah I don't

know okay like I see what you're doing

there right anyway

Elon Musk does then talk about maybe

this idea of in the future using their

money license their money transmitter

license that they've just talked about

to potentially expanding Twitter to uh

some kind of uh linked uh payment system

now Elon knows a thing or two about

payment systems since he helped found

PayPal uh and that's where he got his

initial seed funding for ventures like

Tesla and SpaceX which is awesome when

he sold his stake in PayPal now uh so he

alluded to this idea of maybe adding ten

dollars to people's accounts so they

could spend money on Twitter if you want

to get it off the account you have to

link a bank account but maybe they start

offering things like high-yield balances

or uh or add debit cards credit cards

and checks so adding credit cards and

high yield savings is actually very easy

because you don't have to be a bank to

do that you could just Outsource to a

different bank like Green Dot bank or

whatever like yada bank for example is

not actually a bank it's just a dressed

up fintech company that outsources the

banking to other Banks and then adds a

lottery aspect and raises money to fund

losses so so they could survive now I

don't know all of their financials so

I'm making an opinion here but they're

not a bank at least as far as I'm aware

this is why when you hear yada bank and

you go to their website everything's

actually yada savings and yada is it's

not like yatabank.com the limitations

around using the word Bank are really

restricted because they're not actually

a bank again at least as far as I'm

aware so uh this is actually good for

Elon though because yeah you could

actually pretty easily add money market

accounts and pay people high yields it's

not that big of a deal uh and his idea

is that maybe you could make a the

system as useful as possible where you

basically buy things effortly without

click or without without uh with one

click that is now this is a reference to

a concept known as the pain of paying

you want to reduce the pain of paying

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click sounds a whole lot like Google pay

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obtain the product or service and the

better the user experience is all for a

small fee of like 30 probably he didn't

say that but that's what I was guessing

so those are some things that I got from

elon's Twitter spaces this bankruptcy

comment is very interesting though I

think it's part of 4D chess and

negotiation prep and employee motivation

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