this post was submitted on 06 Oct 2024
419 points (97.9% liked)
Technology
58507 readers
4609 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Twitter is it's own entity. Musk is not in debt, Twitter is. And if their coffers are empty they can take more debt, in Twitter's name. I'm sure a Saudi bank would oblige as long as it's useful. However Twitter could go bankrupt and Musk would just lose his initial investment, which was a couple of billions max. Saudis, Russians and the Peter Thiels of the world would lose their investments as well, which I'm sure they would see as a small price to pay to kill a platform so inconvenient for them as Twitter was.
Tesla? Last year all tech stocks took a dive. Tesla's price is based on unicorns and rainbows, so it tracks the tech bubble more than real companies like Ford. Same like OpenAI and others.