this post was submitted on 02 Jan 2024
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Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value (arstechnica.com)
submitted 10 months ago by boem@lemmy.world to c/technology@lemmy.world
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[–] goatsarah@thegoatery.dyndns.org 21 points 10 months ago (1 children)

@Monomate @boem Because he owes the banks a shedload of money which he may have to start paying back if the value drops too much.

[–] ikidd@lemmy.world 1 points 10 months ago (2 children)

Meh, the Saudi's are covering his losses, that's the deal.

[–] SendMePhotos@lemmy.world 1 points 10 months ago (1 children)

What do the Saudis gain from this?

[–] ikidd@lemmy.world 5 points 10 months ago

The end of the weapon that brought on the Arab Spring. They hate Twitter with the power of a thousand suns.