this post was submitted on 12 Jul 2023
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Twitter didn't lose anything, Musk bought Twitter because he thought it'd be a goof to trash, and because he wanted access to Saudi Arabian markets to sell his electric cars and rocket ships.
These stories are so fucking annoying because they purposely miss the point of what's actually happened.
Elon Musk personal worth went up 97 Billion dollars since he bought Twitter, he's now worth, on paper 248 Billion. He can take a complete loss on the investment, and not be any the poorer in real terms.
You say Twitter didn’t lose anything, and then spend a paragraph saying how Elon gained something from it. Elon is not Twitter.
Twitter lost a lot.
I don't know any of this. What do Saudi's have to do with Twitter?
A Saudi prince Alawaleed, gave Elon 1.9 billion in equity to help Elon finance the deal. He’s the second largest shareholder.