this post was submitted on 17 Aug 2023
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As Twitter destroys its brand by renaming itself X, Mastodon user numbers are again soaring | TechCrunch (techcrunch.com)
submitted 1 year ago by Frostwolf@lemmy.world to c/technology@lemmy.world
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It's not just lemmy that's benefiting from Elon Musk.

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[–] EliasChao@lemmy.one 1 points 1 year ago

To be fair, Elon doesn’t all have that money in cash. Also, like half of the Twitter buyout was made possible with a loan where he used his a Tesla stocks for like half of the operations as collateral.

Although I agree that he’s far from being broke, this can become a pretty bad financial decision to Elon.