166
Elon Musk admits X ‘may fail’ after glitch deletes Twitter photos
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Aug 2023
166 points (95.1% liked)
Enough Musk Spam
2089 readers
334 users here now
For those that have had enough of the Elon Musk worship online.
No flaming, baiting, etc. This community is intended for those opposed to the influx of Elon Musk-related advertising online. Coming here to defend Musk or his companies will not get you banned, but it likely will result in downvotes. Please use the reporting feature if you see a rule violation.
Opinions from all sides of the political spectrum are welcome here. However, we kindly ask that off-topic political discussion be kept to a minimum, so as to focus on the goal of this sub. This community is minimally moderated, so discussion and the power of upvotes/downvotes are allowed, provided lemmy.world rules are not broken.
Post links to instances of obvious Elon Musk fanboy brigading in default subreddits, lemmy/kbin communities/instances, astroturfing from Tesla/SpaceX/etc., or any articles critical of Musk, his ideas, unrealistic promises and timelines, or the working conditions at his companies.
Tesla-specific discussion can be posted here as well as our sister community /c/RealTesla.
founded 1 year ago
MODERATORS
Another lemmer commented on a similar post and got me thinking... Who paid for Twitter, really? It was not all Musk. I have to wonder if he got marching orders from those bankrolling him to run it into the ground. Also what got deleted? Arab Spring.
Edited for link and more better words
Out of 46.5 billion total cost, 27 billion was out of Musk's pocket. 13 billion were bank loans, most as a leveraged buyout so technically Twitter owes the banks, but the banks do not own shares. 5.2 billion, only a little more than 10% came from other sources. The biggest is 1.89 billion from the Saudi Prince, but those are just his previously owned shares that he decided to keep. It wasn't a new investment. He obviously has influence (same as he did before the acquisition) but I doubt he's giving marching orders with less than 5% stake. https://www.ctvnews.ca/business/who-is-financing-elon-musk-s-us-44-billion-deal-to-buy-twitter-1.6100579?
You’re thinking like a shareholder.
A very rich friend helped out a very rich man, who now owes him a favor…