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Comment on One year after being bought for $44 billion, X is worth $19 billion

But the 44B was payed, so they do/did exist. Now he could have just NOT bought twitter and spent half of this money on the poor et voilà no more homeless for at least 4 years.

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UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨year⁩ ago

But the 44B was payed, so they do/did exist.

It was mostly debt swaps. Elon traded equity in Tesla for equity in Twitter.

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- Black616Angel@feddit.de ⁨1⁩ ⁨year⁩ ago
  Well akschually probably about 22/23 billion were cash according to reuters.
  
  reuters.com/…/how-will-elon-musk-pay-twitter-2022…
  
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  - UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨year⁩ ago
    
    According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.
    
    My mistake. I assumed he’d simply swapped the Tesla stock at face value, rather than cashing it out via a brokerage.
    
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    Black616Angel@feddit.de ⁨1⁩ ⁨year⁩ ago
    No problemo. I usually don’t give a shit about this kind of stuff, but if a single person buys for such a huge sum, I maybe look into it.
    
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