Redditsux@lemmy.world to World News@lemmy.worldEnglish · 1 month agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square95fedilinkarrow-up1476arrow-down17cross-posted to: technology@lemmy.world
arrow-up1469arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 1 month agomessage-square95fedilinkcross-posted to: technology@lemmy.world
minus-squareLady Butterfly linkfedilinkEnglisharrow-up6arrow-down1·1 month agoYAAASSSS!! I love to think of him losing money without money his influence plummets
minus-square_stranger_@lemmy.worldlinkfedilinkEnglisharrow-up11·1 month 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-squareFluffy Kitty Cat@slrpnk.netlinkfedilinkEnglisharrow-up3·1 month agoWe enter hostile takeover territory around $115
minus-squareturnip@sh.itjust.workslinkfedilinkEnglisharrow-up4·edit-21 month agoHe did it to escape Tesla stock. Because car companies are heavily cyclical. He’s succeeding not failing, unfortunately.
YAAASSSS!! I love to think of him losing money without money his influence plummets
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 🤪
We enter hostile takeover territory around $115
He did it to escape Tesla stock. Because car companies are heavily cyclical.
He’s succeeding not failing, unfortunately.