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Elon Musk may have to sell billions in Tesla stock to rescue X (fortune.com)

submitted 2 months ago by btaf45@lemmy.world to c/usa@midwest.social

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[–] blusterydayve26@midwest.social 3 points 2 months ago* (last edited 2 months ago) (1 children)

Why tho? He doesn’t need it to be profitable, he already has it as his own echo chamber. Any more money in is just sunk cost fallacy to bring back people he’s happy to see gone in the first place.

“It’s my house and I’ll shoot out the windows if I want to,” Musk was heard screaming, yesterday.

[–] Illuminostro@lemmy.world 1 points 2 months ago (1 children)

Because his shareholders will sue the shit out of him if he doesn't turn it around.

[–] PyroNeurosis@lemmy.blahaj.zone 2 points 2 months ago

This, and if he doesn't keep burning money, What-Was-Once-Twitter's ebbing audience will ebb faster.