(December 4, 2023 at 11:55 am)Nanny Wrote:(December 4, 2023 at 11:11 am)Jackalope Wrote: 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.
Makes it all that much easier for him to tear it down.
Being told you're delusional does not necessarily mean you're mental.
