(March 29, 2025 at 5:22 pm)Zozz Wrote:(March 29, 2025 at 2:34 pm)BrianSoddingBoru4 Wrote: Musk has just sold Twitter to himself and made $1 billion in profit.
Boru
how does one sell something to themselves..?
He owns an AI company, which he valued at $80bn (it isn’t). Twitter, which he valued at $45bn (it isn’t) was bought by the AI company.
The proper accounting term for this type of transaction is ‘a tax dodge’.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax