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Musk’s Twitter investors have lost billions in value (www.washingtonpost.com)

submitted 2 weeks ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] Des@hexbear.net 9 points 2 weeks ago

wonder if the propaganda value is priced in?

[–] DogPeePoo@lemm.ee 9 points 2 weeks ago (3 children)

They are playing the long game and trying to kill democracy

[–] BurgerPunk@hexbear.net 13 points 2 weeks ago* (last edited 2 weeks ago)

The strategy: sit-back-and-enjoy

They could have "killed democracy" for free

[–] drhoopoe@lemmy.sdf.org 6 points 2 weeks ago* (last edited 2 weeks ago)

"Saudi Prince Alwaleed bin Talal... says he is still happy with his investment." Cool, cool.

[–] yogthos@lemmy.ml 5 points 2 weeks ago

you can't kill that which you don't have in the first place

https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B

[–] SoyViking@hexbear.net 8 points 2 weeks ago (1 children)

They said on Trashfuture that the banks who financed Musk's Twitter takeover are unable to resell the debt. They are now stuck with a large and essentially worthless asset that is hanging like an albatross around the legs of their portfolios.

This has allegedly already caused some bankers to not get their bonuses.

[–] yogthos@lemmy.ml 6 points 2 weeks ago

🎻

[–] sharkfucker420@lemmy.ml 7 points 2 weeks ago

[–] Bay_of_Piggies@hexbear.net 4 points 2 weeks ago (1 children)

Is there a way to oust him you think?

[–] sovietknuckles@hexbear.net 4 points 2 weeks ago

If Musk defaults on his loans, then maybe. Otherwise, since he owns most of the stock and the next largest investor supports him, probably not.