Redditsux@lemmy.world to World News@lemmy.worldEnglish · 3 days agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square98fedilinkarrow-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 · 3 days agomessage-square98fedilinkcross-posted to: technology@lemmy.world
minus-square_stranger_@lemmy.worldlinkfedilinkEnglisharrow-up11·2 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-squareCheeseToastie@lazysoci.allinkfedilinkEnglisharrow-up6·2 days agoI love it when you talk dirty 🤪
minus-squareFluffy Kitty Cat@slrpnk.netlinkfedilinkEnglisharrow-up3·2 days agoWe enter hostile takeover territory around $115
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