Ah! Thank you for the explanation

If Tesla’s stock crashes, then the value the banks could get from selling it is much lower.

If Twitter and Tesla go bankrupt, the banks will have loaned out billions to own something worthless.

At least I would assume that’s how it works.

I feel gross agreeing with Rand fucking Paul about something.

Good to know, thank you! I’ll have to look closer when I visit a forum next.

Reddit does shitty stuff, but at least I’m able to find stuff on there. Why Discord took off as a medium to replace forums is beyond me. It’s not easily searchable, and search engines can’t index it. If people aren’t fastidious about replying to messages they’re responding to, it’s just a nonsense stream of consciousness from dozens of people.

That being said, I hate the formatting of most forums. Reddit and Lemmy’s comment nesting is excellent. It’s very easy to follow conversations.

No, their airlines are not an ancillary product. They are their main product. According to Boeing’s earnings reports, the commercial aircraft segment of the company made up 56% of total revenue in 2018, 42% in 2019, 27% in 2020, 30% in 2021, 38% in 2022, and 43% in 2023. The rest of their revenue is split between the Defense, Space and Security segment, and the Global Services segment.

Prior to 2017, the vast majority of the earnings for the whole company came from the Commercial Airplanes segment. Since then, that segment has been operating at a loss. Since 2022, both Defense and Commercial Airplanes have been operating at a loss.

If you’re curious you can look up Boeing’s 10-k form. Page 56 has the revenue breakdowns.

Why would they love this? More claims means they have to pay out more. Even if they’re assholes and don’t pay out, they still have to process and fight claims which costs money.