The billionaire had last year tried to back out of his $44 billion offer to buy what was then Twitter, but financed the deal by borrowing $13 billion from a consortium of banks. (…)
Musk may be looking to reduce those payments by ensuring X isn’t worth very much, Bloomberg commentator Matt Levine posited in January.
I mean that’s a story. Its not the one I believe, and I don’t think my reasoning is that convoluted. Elon had to sell something to his backers and the argument that controlling these platforms is how you control the social fabric of the US is what I would have done for a pitch.
Like, he probably should have figured out Trumps contractual obligations to Truth social. Should we lay down a gentleman’s bet on Twitter acquiring Truth social in the next 12 months? If he can deliver an election for the Saudis, it will have been well worth it from their perspective.