• @Red_October@lemmy.world
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    703 months ago

    Musk has definitely thrown away $44+ Billion, regardless of the election outcome. He didn’t buy twitter BECAUSE he wanted to manipulate an election in the future, he bought it because if he didn’t the SEC had him dead to rights on stock manipulation charges. Musk had been openly claiming he was gonna buy twitter at meme-stock prices, driving up the stock price, without disclosing that he already owned a lot of twitter stock. He HAD to act like he meant it. It’s also why he did everything he could to back out of the deal, including making up bullshit about how twitter lied about the state of the platform, he didn’t want to go through with it. But Twitter came correct, proved they had their shit right, and literally forced him to go through with the sale.

    • @MagicShel@programming.dev
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      303 months ago

      If I had a legally binding offer of a billion dollars for my picket lint, I’d force that deal through, too. I kinda hate that Twitter sold out, but I wouldn’t have done any different.

      One of the sellers will go back and buy it off him for 250 million in a few years and have their cake and eat it, too.