Redditsux@lemmy.world to World News@lemmy.worldEnglish · 2 years agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square19linkfedilinkarrow-up14arrow-down10cross-posted to: technology@lemmy.world
arrow-up14arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 2 years agomessage-square19linkfedilinkcross-posted to: technology@lemmy.world
minus-squareJohnDClay@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 years agoFor reference, he bought it for $44B. https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
minus-squareLady Butterfly @lazysoci.allinkfedilinkEnglisharrow-up1·2 years agoYAAASSSS!! I love to think of him losing money without money his influence plummets
minus-square_stranger_@lemmy.worldlinkfedilinkEnglisharrow-up2·2 years agoIt’s almost better than losing money. He put up a certain amount of Tesla stock as collateral for the loan (essentially) to buy Twitter. So if Tesla’s stock tanks, those creditors will be able to claw more stock away from him. If it tanks enough, he’s in hostile takeover territory.
minus-squareFluffy Kitty Cat@slrpnk.netlinkfedilinkEnglisharrow-up1·2 years agoWe enter hostile takeover territory around $115
minus-squareLady Butterfly @lazysoci.allinkfedilinkEnglisharrow-up1·2 years agoI love it when you talk dirty 🤪
For reference, he bought it for $44B.
https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
YAAASSSS!! I love to think of him losing money without money his influence plummets
It’s almost better than losing money. He put up a certain amount of Tesla stock as collateral for the loan (essentially) to buy Twitter.
So if Tesla’s stock tanks, those creditors will be able to claw more stock away from him. If it tanks enough, he’s in hostile takeover territory.
We enter hostile takeover territory around $115
I love it when you talk dirty 🤪