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I keep thinking there's got to be something we don't know. Something that convinced an apparently large group of investors, to put their money in Twitter, under the leadership of Musk. As in, guarantee the $46B loan.
Then again, I remember being part of an organization, that made a total of $75B+ in bad investments, that had be written off.
He's in over his head. His recent conversion of Tesla stock into cash ($4B), means he has to make an initial payment, on his $11B part of the financing deal. He did it when the stock was 45% of its peak value, so you know he had to do it.
It's looking more like he's in over his head.
Jack Dorsey, one of the co-founders of Twitter, who also founded Square (financial app), has been working on a new Twitter, and that's the reason he left Twitter and handed it to its last pre-Musk CEO. Dorsey doubled his Twitter holdings, thanks to the deal, and he does not have to abide by a non-compete, seeing that he was no longer at Twitter when the deal was conceived. So, he's for plenty of cash to get the new operation going.
Then again, I remember being part of an organization, that made a total of $75B+ in bad investments, that had be written off.
He's in over his head. His recent conversion of Tesla stock into cash ($4B), means he has to make an initial payment, on his $11B part of the financing deal. He did it when the stock was 45% of its peak value, so you know he had to do it.
It's looking more like he's in over his head.
Jack Dorsey, one of the co-founders of Twitter, who also founded Square (financial app), has been working on a new Twitter, and that's the reason he left Twitter and handed it to its last pre-Musk CEO. Dorsey doubled his Twitter holdings, thanks to the deal, and he does not have to abide by a non-compete, seeing that he was no longer at Twitter when the deal was conceived. So, he's for plenty of cash to get the new operation going.