Redditsux@lemmy.world to World News@lemmy.worldEnglish · 3 months agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square83fedilinkarrow-up1101arrow-down10cross-posted to: [email protected]
arrow-up1101arrow-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 months agomessage-square83fedilinkcross-posted to: [email protected]
minus-squareLady Butterfly @lazysoci.allinkfedilinkEnglisharrow-up2·3 months agoYAAASSSS!! I love to think of him losing money without money his influence plummets
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up2·3 months agoHe did it to escape Tesla stock. Because car companies are heavily cyclical.
minus-square_stranger_@lemmy.worldlinkfedilinkEnglisharrow-up0·3 months 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-squareLady Butterfly @lazysoci.allinkfedilinkEnglisharrow-up1·3 months agoI love it when you talk dirty 🤪
YAAASSSS!! I love to think of him losing money without money his influence plummets
He did it to escape Tesla stock. Because car companies are heavily cyclical.
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 🤪