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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 8 months ago

Musk’s Twitter investors have lost billions in value

www.washingtonpost.com

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Musk’s Twitter investors have lost billions in value

www.washingtonpost.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 8 months ago
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Musk bought X with a combination of his own money, bank loans and capital raised from friends and associates. Here’s how far underwater his investors are today.
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  • Des [she/her, they/them]@hexbear.net
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    8 months ago

    wonder if the propaganda value is priced in?

  • DogPeePoo@lemm.ee
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    8 months ago

    They are playing the long game and trying to kill democracy

    • BurgerPunk [he/him, comrade/them]@hexbear.net
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      8 months ago

      They could have “killed democracy” for free sit-back-and-enjoy

    • drhoopoe
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      8 months ago

      “Saudi Prince Alwaleed bin Talal… says he is still happy with his investment.” Cool, cool.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      8 months ago

      you can’t kill that which you don’t have in the first place

      https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B

  • SoyViking [he/him]@hexbear.net
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    8 months ago

    They said on Trashfuture that the banks who financed Musk’s Twitter takeover are unable to resell the debt. They are now stuck with a large and essentially worthless asset that is hanging like an albatross around the legs of their portfolios.

    This has allegedly already caused some bankers to not get their bonuses.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      8 months ago

      🎻

  • ComradeSharkfucker@lemmy.ml
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    8 months ago

  • Bay_of_Piggies [he/him, comrade/them]@hexbear.net
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    8 months ago

    Is there a way to oust him you think?

    • sovietknuckles [they/them]@hexbear.net
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      8 months ago

      If Musk defaults on his loans, then maybe. Otherwise, since he owns most of the stock and the next largest investor supports him, probably not.

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