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If Twitter wasn't underwater with its debt obligations bankruptcy wouldn't be in the cards.
You're right that it's a financial maneuver, but I'd argue that it's a specific kind of maneuver taken on by companies that are either
1. Underwater in terms of debt or cash flow
2. Trying to hide assets or dodge legal accountability
3. Trying to hide a restructure behind it (related to 2)
There may be other reasons, but those are the big ones I've seen.
I just don't think there's a rabbit in Elon's hat, Chris. Nothing he's done regarding Twitter up to this point has put that company in a better position.
To err is human. Fortune favors the monsters.
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He said the same thing about SpaceX late last year.
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Remember Stephen Elop.
Caveat Emptor.
"Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long
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He was counting on 250M users each paying $20 per month. No plan B.
"Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I
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I may have done a lot of stupid things, but I never burned $44 billion on a toy I didn't know how to work to the point where I broke it.
I know people say he's a genius. I'm just not seeing it. I'm seeing a mid rate engineer who was born to a lot of money, and currently in way over his head.
But I'm just some nobody over here.
Either way, it's fun watching it play out.
To err is human. Fortune favors the monsters.
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Skinflint can be unhappy (9)
Please note: I am unavailable from around 10:30 GMT to about 18:00 GMT as Herself is having lunch with her niece and I am playing chauffeur and payment system.
So if this is unsolved by 10:30 GMT then I won't be posting a solution / yes / no until I get back home. (It's not polite to browse the web while they talk about people I never met and family events I never went to while eating, apparently.  )
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
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Miserable
Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a Ride!" - Hunter S Thompson - RIP
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I didn't think it would last long, but I liked it!
You are up Monday 
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
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As you often say "Say what you see" Nice clue
Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a Ride!" - Hunter S Thompson - RIP
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Don't eat then, Simples
Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a Ride!" - Hunter S Thompson - RIP
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Quote: It's not polite ..., apparently.
Well! Now you know.
The "apparently" had me in stitches. My cartoon bubble saw your wife informing you of that in a rather matter-of-fact tone just lightly mentioned in passing.
BTW, I liked your clue too!
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My dad used to put me in tires and roll me down hills.
Those were Goodyears...
I'll roll out of here now.
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Was your sister Michel in there with you?
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
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There are hills in the Netherlands? 
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.
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Low quality import, did not last even a century. 1 star - would not buy!
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.
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Plenty of dykes!
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oh man, that was so bad....
Charlie Gilley
“They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” BF, 1759
Has never been more appropriate.
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did you grow up in Akron?
diligent hands rule....
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This is all very tiring.
"A little time, a little trouble, your better day"
Badfinger
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Wordle 510 3/6
⬛🟨🟨⬛🟨
⬛🟩🟩🟩🟩
🟩🟩🟩🟩🟩
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Wordle 510 5/6
🟨🟨⬜🟨⬜
⬜⬜🟨🟩🟨
🟨🟩⬜🟩⬜
⬜🟩🟩🟩🟩
🟩🟩🟩🟩🟩
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Wordle 510 3/6
⬛⬛🟨⬛🟨
⬛⬛🟨🟩🟨
🟩🟩🟩🟩🟩
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