GETY Getty Images Holdings Inc

$GETY Ouch...... this looks criminal I would be surprised if it was illegal but I'm guessing there will be shareholder lawsuits. please keep in mind how this has deeply hurt many investors and employees. it is a sad day and somehow the Getty and koch family's walk away with the company. to be fair they probably lost 700 million trying to keep this company going and are reinvesting another large chunk. I don't see how Shutterstock or technology don't cut away at Getty's editorial business over time..... why would these family's bet so big here?

$GETY so you mean to tell me if I own a business and it starts looking bad I can just give myself a shit ton of money and ask the bankers to give me a chapter 11 and fuck everybody else? What the hell is going on here just don’t sound legal at all. 

$GETY traded 150% today with submission of bankruptcy package, needs to evaluate enterprise value to court before going private

$GETY Spirit Airlines pulled the same trick... twice. No consequences, and former leadership is counting their money on their yachts. Welcome to America.

$GETY this company is evidence that not all companies should be allowed to be on the stock exchange. The history of this stock and company direction seems to have only been down since they ipo. And now chapter 11.

$GETY it’s been up because bankruptcy court may force the Koch family to buy public float shares on the open market to agree to bankruptcy terms

$GETY Getty Images said Monday it will file a prepackaged Chapter 11 in the coming weeks and go private, aiming to close by year end. The scale mismatch is pretty stark. Total debt was about 2.1 billion dollars at June 30, against a public market value of roughly 20.7 million dollars at Friday's close. The Getty family and Koch Equity Development are putting in up to 533 million dollars of new equity and will own 100% of the reorganized company. Unsecured holders agreed to retire 270 million dollars of notes. This was a 4.8 billion dollar SPAC in 2022. Annual subscribers have fallen to 241,000 from 321,000 a year ago.

$GETY The interest payment was about leverage, not the stock. If they'd missed the payment, it would have been an Event of Default — and the noteholders could have accelerated the debt, demanding the full ~$270M back immediately. That hands all the cards to the creditors and turns an orderly negotiation into a fire drill. Paying within the grace period kept the restructuring talks voluntary and on Getty's terms.

$GETY Getty Images CEO Craig Peters, the corporate executives, and the Getty family are corrupt criminals. Hold them accountable!

$GETY what a bunch of b******* so the shareholders get one penny per share this is a good experience for everybody this look like it was going to go bankrupt and I said it would when it was trading your $1 when the deal failed very sorry for all your losses live and learn

Getty Images just filed for bankruptcy ⚰️ It sold photographs for a living. AI now makes them for free... $GETY

$GETY give me the chill. I want thank one friend on the board mentioned the risk of this. While I was chasing the dead cat bounce. I forgot his id.

After Failed Shutterstock Merger And NYSE Delisting, Getty Plans Chapter 11 Bankruptcy $GETY https://stocktwits.com/news/equity/markets/after-failed-shutterstock-merger-and-nyse-delisting-getty-plans-chapter-11-bankruptcy/cZxBE7YRBoR

$GETY I had dealings with Getty in 2022, when I was trying to locate a particular photo from a 1999 fashion magazine, which they may or may not have had. For a simple jpg file they were asking $650, which I turned down on principle, offering a quite reasonable $200 instead. Now we see the karma being visited on the company and I can not say that I mind.

$GETY Why did the buffoons make the interest payment of 18.79 million then file bankruptcy ?

$GETY · $KVHI 💰 Getty Family and Koch Equity Development commit to an equity investment of up to $533 million in Getty Images Holdings, Inc. as part of comprehensive restructuring transactions to strengthen its balance sheet and drive growth. Actionable market event