Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
atrielienz@lemmy.world 1 month agoThis 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.
14th_cylon@lemm.ee 1 month ago
that’s irrelevant. he owes someone 44B.
atrielienz@lemmy.world 1 month ago
If I take out a loan to buy a home, I don’t own the home outright. The creditor owns the home until I pay off the debt. I’m likening the situations because I want to make it clear that he didn’t put in his own money to buy it.