Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
atrielienz@lemmy.world 1 month agoIt would appear that he didn’t want to buy Twitter and was literally forced to do so. I think for him Twitter is a temper tantrum. He didn’t get what he wanted so he’s destroying everything around him as a result.
More to the point though, I do wonder why he didn’t just pay the billion dollars to get out of the deal (with his 270 billion net worth - which by the way includes assets not necessarily liquid cash).
I don’t know that he’s not in it for the money. I think the point is to destroy it so he doesn’t have to pay back what he borrowed to buy it.
14th_cylon@lemm.ee 1 month ago
your first sentence explains he is not in it for money, if money were the concern, eating the 1b fine would be logical thing to do.
that’s how it works, no one has 270 billion in cash
that doesn’t make sense, destroying twitter doesn’t absolve him of obligation to return money he borrowed.
atrielienz@lemmy.world 1 month ago
This is just conjecture though. I do think he originally did not intend to buy Twitter. I do think he was essentially forced to buy it. I know from news articles around the time of the sale that he gave significant pushback when relevant parties forced the issue. Things may very well have changed after he became the owner (and what deals he made to be able to afford it may never be known).
14th_cylon@lemm.ee 1 month ago
he was, but it doesn’t contradict what i said. if he had a way to back out of his stupid bragging offer for 1b, and all he cared about was money, the reasonably thing would be to pay the fine, instead of paying 44 billion for something that doesn’t generate profit.
atrielienz@lemmy.world 1 month ago
Yeah, but he didn’t pay $44Bn out of his own pocket.