Viewing a single comment thread. View all comments

Jonherenow t1_iwwmiy3 wrote

How does Elon Musk get into a small social media business?

He buys a big one.

640

dewayneestes t1_iwx6g1l wrote

He literally tweeted this joke today. If I were the conglomerate who loaned him the money I would not be laughing.

191

Thosefux t1_iwxk9bf wrote

Didn't he sell tesla stock to buy it?

51

Iz-kan-reddit t1_iwxkvwc wrote

Only for part of it.

56

amberoze t1_iwxvsto wrote

And he'll end up having to sell more to pay back the other part.

Here's to him no longer being a viable decision maker in any corporation by the end of 2023.

85

Iz-kan-reddit t1_iwxwtwq wrote

> And he'll end up having to sell more to pay back the other part.

Actually, Twitter itself is on the hook for a lot of it.

21

Pokey-Face-1234 t1_iwz0l69 wrote

See now that shit makes me crazy. Company assets leveraged to support a takeover, has nothing to do with viability of the company, and burdens workers, customers, everyone involved. The people who benefit? Maybe they feel pressure to repay, after they dividend and special contract fortunes out to themselves.

5

Thosefux t1_iwxllde wrote

Oh. I think the whole things is great. I wish he would buy the united States government next and run it into the ground..

15

Dankjeoxp t1_iwxmetu wrote

Absolutely. We are barely hovering off the ground, basically held by a loose shoestring. Cut it already and let's get to the carving up of the states already!

−7

Local_Fox_2000 t1_iwxyefy wrote

Only around $3.9bn worth of Telsa stock. He paid $44bn for twitter.

3

GooseTheSluice t1_iwyccw2 wrote

Well with certain middle east backers that benefit greatly from stemming the flow of information, I'd imagine they got what they paid for

4