Comment by andsoitis
10 hours ago
> Musk's margin on Twitter from being called by his investors,
Primary and largest investors in X are: Elon Musk, Saudi Prince Alwaleed bin Talal, Larry Ellison, Jack Dorsey.
I don't know that you need to worry about their financial well-being or that they are getting a raw deal.
I think people are more concerned about SpaceX getting the raw deal here.
And specifically that if the music is about to stop SpaceX has an implicit government backstop
It doesn't have to; the government's rescue of GM in 2008 killed a bunch of brands that they owned.
But given the current administration, I don't have a lot of faith in the government looking out for anyone else's interests here.
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> SpaceX getting the raw deal here.
Have they complained?
You’re really asking whether anyone at a private company is publicly speaking up against the famously emotional and vindictive owner?
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Well this was just announced, and I'll be surprised if nobody gripes about a $2T dilution of their equity.
Yeah, the financial well-being of those investors is not what people are worried about here
Whoa, I had to do a double-take on the Dorsey mention -- like, didn't he take the money and run while laughing at the folks that overpaid? But it seems he's retained a 2.4% ownership stake in Twitter/X, according to Wikipedia:
https://en.wikipedia.org/wiki/Jack_Dorsey#Twitter
Still, don't make the mistake I did, which was to read the above comment to mean "he put more money in at the time of the buyout", since he was called an "investor in X".