Redditsux@lemmy.world to World News@lemmy.worldEnglish · 27 days agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square95fedilinkarrow-up1476arrow-down17cross-posted to: technology@lemmy.world
arrow-up1469arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 27 days agomessage-square95fedilinkcross-posted to: technology@lemmy.world
minus-squareJohnDClay@sh.itjust.workslinkfedilinkEnglisharrow-up25arrow-down1·26 days agoFor reference, he bought it for $44B. https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
minus-squareLady Butterfly @lazysoci.allinkfedilinkEnglisharrow-up6arrow-down1·26 days agoYAAASSSS!! I love to think of him losing money without money his influence plummets
minus-square_stranger_@lemmy.worldlinkfedilinkEnglisharrow-up11·26 days 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-squareLady Butterfly @lazysoci.allinkfedilinkEnglisharrow-up6·26 days agoI love it when you talk dirty 🤪
minus-squareFluffy Kitty Cat@slrpnk.netlinkfedilinkEnglisharrow-up3·26 days agoWe enter hostile takeover territory around $115
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up4·edit-226 days agoHe did it to escape Tesla stock. Because car companies are heavily cyclical. He’s succeeding not failing, unfortunately.
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.
I love it when you talk dirty 🤪
We enter hostile takeover territory around $115
He did it to escape Tesla stock. Because car companies are heavily cyclical.
He’s succeeding not failing, unfortunately.