Twitter is issuing 13 billion in debt, which means day one, when Musk shows up with $33 billion in equity, 23 from him, 10 from his buddies, they're burning it. He's going to have to call all his buddies and go, Oh, hey, remember me. I talked you into this terrible deal that's now worth zero. Not only is it worth zero, but if you want to hold on to any chance of having equity that recovers, he might have to buy the debt so that he doesn't lose control.
Elon Musk pushes back against reports that he had conversations with Putin, but Kara and Scott aren't having it. They also discuss Meta's new hardware and what it means for the company's overall strategy. Plus, the latest on the economy, and the $965 million Alex Jones owes Sandy Hook families.
You can listen to Kara’s new show, On with Kara Swisher, here.
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