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Technology Stocks : Twitter, Inc.
TWTR 53.700.0%Oct 28 5:00 PM EST
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To: Ron who wrote (1756)11/21/2022 4:16:19 PM
From: kidl   of 3407
 
One thing I am sure of … If Twitter goes bankrupt, it will be a bankruptcy by design likely with (most) current lenders converting their loans into equity and the expectation of Twitter going public again in a few years. Short term tax write-offs in exchange for long term capital gains.

Same for Musk. He could claim a capital loss which would defer the capital gains tax he faces due to his recent Tesla share sales.
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