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This is a bit misleading.He was a large stakeholder in Twitter before Musk announced his acquisition. Instead of being bought out of his shares like other share
by costcofries 4y ago
This is a bit misleading.He was a large stakeholder in Twitter before Musk announced his acquisition. Instead of being bought out of his shares like other shareholders at the $54.20, he opted to keep his shares and reduce the total cost Musk owed.
- deleted 4y ago[deleted]
- kibwen 4y agoYes, but this is also somewhat misleading. He used to be a shareholder, but now he is a creditor. His relationship to the company is not the same as it was.
- collegeburner 4y agouhh what? looks like he's just keeping his stake in the go private. rolling equity doesn't make him a creditor it just means now he has a stake in the private venture. where'd you get this info?
- wavefunction 4y agoNow the Saudis are the second largest stockholder in Twitter after Elon. And I commend you for pointing out the charity of this Saudi Prince Alwaleed bin Talal, I am sure he and Saudi Arabia have no expectations for graciously forgoing their millions in profits while offering this charity to "The World's Richest Man".