this post was submitted on 25 Apr 2022
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Go fuck yourself Elon. (lemmy.ml)
submitted 2 years ago by AgreeableLandscape@lemmy.ml to c/memes@lemmy.ml
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[โ€“] poVoq@lemmy.ml 11 points 2 years ago* (last edited 2 years ago) (2 children)

His "money" is actually mostly just stock ownership of the overvalued Tesla company and the money to buy Twitter is actually mostly borrowed from banks (secured against the overvalued Tesla stock).

He could have probably gobbled together the 6 billion the UN was asking for ending world hunger, but this 50 billion "purchase" of Twitter is mostly just virtual money that could vaporize over night.

[โ€“] ree@lemmy.ml 2 points 2 years ago

It's a 50/50 split between his fund and banks.