Comment by bonesss
8 hours ago
As a business transaction: Twitters acquisition is among the worst deals in human history.
As means to buy an election an Presidency: highly efficient use of capital with an undeniable short and long-term ROI.
8 hours ago
As a business transaction: Twitters acquisition is among the worst deals in human history.
As means to buy an election an Presidency: highly efficient use of capital with an undeniable short and long-term ROI.
Too early to write closing arguments on this. A vengeful future administration might make us realize that the entire transaction was a huge mistake.
True. There is a “so far” on that.
I don't know where a vengeful future administration would come from. We only have Democrats or Republicans to choose from, and Democrats have made turning the other cheek their entire purpose and political mission. They slow-rolled the investigation of Trump so long he got elected again in the meantime. The idea that any major Democrat would go after a billionaire and not just any billionaire but the biggest billionaire of them all? Absurd thought.
> Twitters acquisition is among the worst deals in human history.
That he won't have to pay for. Shareholders will, as part of the SpaceX IPO.
If shareholders have to pay the debt, then the shares will be less valuable, and Musk (whose wealth is measured in shares) will be less wealthy, no?
By a tad. SpaceX's worth is an order of magnitude more than Twitter's debt. I doubt any serious person considering buying shares in SpaceX will spend even a moment worrying about Twitter.
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Musk only owns 42% of SpaceX; he only takes 42% of the loss as if he continued to own Twitter outright.
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