(December 4, 2023 at 11:11 am)Jackalope Wrote:(December 3, 2023 at 10:54 pm)Bucky Ball Wrote: How many billion has he lost now on Twitter ?
I haven't seen an update since, but in my May, my investment broker (Fidelity) announced that they thought Twitter was worth as low a third of what EM paid for it.
It was a leveraged buyout. Musk put his own stake in Twitter up as collateral to secure debt financing. Twitter then borrowed 30+ $Billion to fund the transfer. Musk has very little skin (relatively speaking) in Twitter.
