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Cake day: December 18th, 2023

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  • Twitter is it’s own entity. Musk is not in debt, Twitter is. And if their coffers are empty they can take more debt, in Twitter’s name. I’m sure a Saudi bank would oblige as long as it’s useful. However Twitter could go bankrupt and Musk would just lose his initial investment, which was a couple of billions max. Saudis, Russians and the Peter Thiels of the world would lose their investments as well, which I’m sure they would see as a small price to pay to kill a platform so inconvenient for them as Twitter was.

    Tesla? Last year all tech stocks took a dive. Tesla’s price is based on unicorns and rainbows, so it tracks the tech bubble more than real companies like Ford. Same like OpenAI and others.


  • This is mostly incorrect.

    First he’s not overleveraged from buying Twitter. He bought it with Russian, Saudi, and 400 other investor’s money. There was aist recently published.

    Second, he doesn’t need to put any personal money to pay Twitter’s fines, Twitter has its own money/debts and accounting.

    Third, even if it was his own money, he would sell stock, he could borrow against it, avoiding selling it.

    Fourth, even if all of the above was true (which it isn’t) for a hundred-billionaire, losing tens of millions doesn’t register. It’s like someone with a couple million bucks in the bank losing a few hundred. It’s like a nice dinner.