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submitted 2 years ago by cm0002@lemmy.world to c/usa@midwest.social
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[-] gasgiant@lemmy.ml 47 points 2 years ago

Didn't he buy twitter with a loan backed by his Tesla stock?

If that's the case and the price is falling enough then the bank could/have called that in. Resulting in the forced sale of his stock.

Which would be very funny.

[-] NutWrench@lemmy.ml 12 points 2 years ago

If self-preservation is an instinct these banks possess, they should all be calling in Musks loans right now.

[-] piccolo@sh.itjust.works 7 points 2 years ago* (last edited 2 years ago)

The banks bankrolled twitter to create a controlled propaganda outlet and enabled their boy to directly influence the federal government. I think their investment turn out very well for them.

[-] h6pw5@sh.itjust.works 3 points 2 years ago

And they’re undoubtably confident a taxpayer bailout would fill any loss that might occur. And it’s unfortunately a solid bet.

[-] unemployedclaquer@sopuli.xyz 4 points 2 years ago

Along with P Diddy and some money came from other very questionable backers

[-] Zos_Kia@lemmynsfw.com 1 points 2 years ago

Would be epic and funny but the stock is still at a higher price than it was at the time of the Twitter purchase. It would need to dip much lower for this to happen.

this post was submitted on 11 Mar 2025
230 points (97.1% liked)

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