• Iwasondigg@lemmy.one
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    1 year ago

    The sad thing is this guy will light $44B on fire, probably lose 99% of it, and not even feel it.

    • HobbitFoot @thelemmy.club
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      1 year ago

      He’ll feel it because a lot of the deal was financed off of his Tesla stock. It isn’t that Musk will lose money from Twitter; he’ll lose some control over Tesla. Worse, it could push Tesla’s stock price down, which may be an issue as a lot of people shorted Tesla’s stock.

    • dragontamer@lemmy.world
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      1 year ago

      $33 Billion.

      $13 Billion (of the $46 Billion deal) was loans from banks to Twitter.

      -$2 Billion of debt IIRC before the deal + $13 Billion from banks + $33 Billion from Elon Musk == $44 Billion (46 billion - 2 billion prior debts).