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Twitter under fire for reinstating account that posted child sex abuse
(www.washingtonpost.com)
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this post was submitted on 28 Jul 2023
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I am guessing that Musk doesn't give a shit. The guy has so much money that he's impervious to criticism.
He's not impervious to criticism, he just thinks that he is. Massive negative press following massive negative press about his handling of the company and the loss of revenue is not going to make his shareholders happy, which is really what all he'd care about.
For Twitter at least, he doesn't have shareholders. He has investors, many of whom would like nothing more than for Twitter to die so that their citizens can't use it to coordinate political action against their regime.
Only 7.1 billion out of 44 billion is from outside investments. The remaining ~36 billion was paid by Musk.
People need to stop with the conspiracies. Musk isn't playing 4d chess by tanking Twitter, he's just an idiot.
33 Billion was equity. $13 Billion was loans.
Musk's contribution is close to $25 Billion and likely puts him at 60%+ majority control of shares.
That ship sailed a while back when Elon was forced to buy Twitter. Let it burn.
What's the point of their investments then?
Control over one of the biggest "news" sites in the world probably.
3 of the main investors of musk's twitter are Marc Andreessen, Changpeng Zhao (ceo of binance) and Prince Al Waleed (saudi royalty).
Elon Musk is the biggest shareholder of Twitter and Tesla.
Biggest idiot of both as well.
He can pay to surround himself with yes-men all he wants, but that just makes any criticism that reaches him sting more. You can see it in action by the petty moves he makes against people and things he doesn't like.