It was the paid blue checkmark for $8 back in 2022.
Kinda old article info without much current stuff except the lawsuit against the ad trade group.
Still makes me gleeful reading about his stupidity.
Savedyouaclick
Thank you!
And that’s why I never click. At this point getting Rick rolled would be fresher news.
That’s the kind we all come to expect🙄🤣🤣🤣🤣
please just put the interesting part in the title.
But then there would be no title.
explain exactly what you mean.
*guys I’m not being facetious I don’t understand
it was implying that there is nothing interesting, hence no title.
The fact that this tweet caused their stock price to dive really shows what a joke the stock market is .
This a beautiful story. Bankers get shafted lending money to apex capitalist.
🤌
Some days ago I read an article here that said that a lot of the money came from Russia and that they are getting exactly what they wanted: chaos
No one has ever explained how bankers are losing. They say they’ve lost money. Yet the only details are Musk has to make payments and put up Tesla stock as collateral. That a no lose for the banks. They don’t care if Tesla stock crashes, they are making money from selling it.
If Tesla’s stock crashes, then the value the banks could get from selling it is much lower.
If Twitter and Tesla go bankrupt, the banks will have loaned out billions to own something worthless.
At least I would assume that’s how it works.
Careful there, bud, you’re singing the siren song of bank bailouts.
The proletariat is still sore about the ones in 2008. They revealed plain the stratified economic system.
It’s because when banks make loans, they sell of the debt, but nobody has wanted to buy the debt for Musk’s loans. My understanding of this is essentially, if someone takes out a loan of $100 million, the bank will sell that debt to an investor for $101 million, and the investor will make back $102 million once the loan is paid off due to interest. But no investors are confident enough that Musk will pay back his loan so no one is ponying up the dough to buy it.
That’s easy, just give him a AAA credit rating and call it a bond, some pension fund will buy it.
Take it a step further, bundle it with a bunch of other subprime loans and then pass it around like a hot potato.
I’m GLAD we don’t tax Billionaires like Musk! Imagine if instead of buying a Website for $44BILLION he instead bought kids $44BILLION worth of School Lunch! The HORROR!
Ugh… it drives me nuts!
Musk had to borrow around $13 billion for his doomed $44 billion acquisition.
Had he spent that
$57$44 billion on developing space hardware instead of going insane and squandering it on social media bullshit, he might have done something worthwhile. I mean… fifty seven billion! What even is that much money? He could have had his own space station for that much money! He could fly up there for weekends, just for funzies.deleted by creator
Oh great, I added all the numbers in your comment together and now it’s $101 billion?? When will this madness end???
With all that money, he could have given every person in the world $12.625 billion!!! It’s unfathomable!
maybe you couldn’t fathom it, but I’m built different
You’ve bamboozled my attempt to make the same joke at your expense by only mentioning one number in your comment, giving me nothing to add to it. From this point on, I conclude we should only ever mention one number in each comment, for clarity.
Oh thank you, my mistake. Still the numbers are huge!
“own capital” probably more like stocks from Tesla, I doubt any actual money moved
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Well now that you mention it I agree and feel dumb.
Anyways, I’m still right so it means I can double down.
Why didn’t he just spend his own billions to prop up his venture? Oh, because he doesn’t want to pay taxes.
I do English, but your math is wrong
Haha everyone keeps saying that! But it’s pretty funny how wrong everyone is about where the mistake was.
The math is just fine, I did the simple addition correctly. It’s the reading comprehension that I got wrong, I misunderstood what the sentence was saying.
You’re right, that is pretty funny. I didn’t notice until you pointed it out in this comment
That’s not how math works.
No, my math is just fine, it’s my reading comprehension that needs work, because I totally misunderstood what that sentence was saying.
he might have done something worthwhile
No, he wouldn’t have. Musk is an incompetent billionaire parasite, even more incompetent than the average billionaire parasite, and would have simply squandered his ill-gotten money on something else.
Probably avocado
He’d patent avocado genetics and call them “xavocados.”
Oh ok, well that’s a relief. I’m glad we had you and your crystal ball handy!
crystal ball
The nature of capitalism and the capitalist class haven’t been a secret now for more than a hundred years. No crystal balls required.
Watching Twitter die the slow agonizing cancerous death it deserves makes me all warm and fuzzy inside.
Is it dying though? It is getting worse and worse but I don’t think people are leaving in huge numbers
