Twitter now owned by Elon Musk

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Started by the-pi-guy, Apr 04, 2022, 02:31 PM

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kitler53

Musk threatens to walk away from Twitter deal



I don't know if i've seen an acquisition with so much drama.
his original funding was based on a loan backed by his Tesla stock.   if rumor is true his loan defaults if Tesla drops below 650. 

I know he was looking for alternative funding but I'm not sure if he found it.  I'm on vacation and not paying close attention. 

at this point I think he just realized that which the entire market dropping he waaaayyy overpaid for Twitter.  like more than double.  

I think he just wants out of a bad deal.  if I read correctly he can't get out without paying a huge penalty. 



...also musk is such a baby.  everything is drama with him. 


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