4 ms·

I fail to understand how taking on 13 billion dollars in loans constitutes "almost entirely his own money"

cmrdporcupine 4y ago
stop, you're ruining the fantasy that he's a real life Howard Roark / Tony Stark, blah blah blah
MichaelZuo 4y ago
Loans under his name count as his money since he's presumably obligated to pay them back. Just like how we colloquially refer to mortgaged houses as being owned by the buyers and not by the bank.
- aniforprez 4y ago
  The loan is not under his name. He leveraged Twitter and Twitter has to pay back the loan. The interest payments are a billion a year and that's why he's scrambling to make Twitter make more money. It's not his own money in any which way This is Musk worship at another level. Active rejection of facts to make up some story about how he's some great businessman. He bought into a bad deal with no research and now he's scrambling
  - MichaelZuo 4y ago
    Source?
    - aniforprez 4y ago
      I love how you very confidently threw something out with literally zero rhyme or reason and now when someone challenges you, you have the gall to ask for a source. This is the asynchronous amount of effort it takes to deal with the ignorant Banks have financed the buyout through 13 billion dollars of debt financing. There's also billions raised by others with Musk financing about 27 billion in his own cash that he raised by selling Tesla stock[0] [0] https://www.businesstoday.in/latest/trends/story/elon-musks-twitter-takeover-who-is-funding-the-deal-351173-2022-10-29 https://www.businesstoday.in/latest/trends/story/elon-musks-...
      - MichaelZuo 4y ago
        Resorting to ad-hominems only lowers the credibility of the user writing them. And the article linked does not list where it got the information from, nor is it a reputable outlet for tech/finance news in the U.S., so it's questionable whether you bothered to actually read the entire article.
        aniforprez 4y ago
        Quo erat demonstrandum. Speaking to someone ignorant and choosing to remain so is always more trouble than it's worth. Find a source that you're satisfied with yourself. It's not my business and this is public information
        MichaelZuo 4y ago
        Not providing a credible source, if it's allegedly so easy to find, only further lowers the credibility of the previous claim. I've only been able to find rumours and so on for specific numbers, not anything a major outlet is willing vouch for. If you genuinely don't understand that different sources can have different degrees of trustworthiness then it appears you need to do some self-reflection instead of accusing others of ignorance.

stop, you're ruining the fantasy that he's a real life Howard Roark / Tony Stark, blah blah blah

Loans under his name count as his money since he's presumably obligated to pay them back. Just like how we colloquially refer to mortgaged houses as being owned by the buyers and not by the bank.

aniforprez 4y ago
The loan is not under his name. He leveraged Twitter and Twitter has to pay back the loan. The interest payments are a billion a year and that's why he's scrambling to make Twitter make more money. It's not his own money in any which way This is Musk worship at another level. Active rejection of facts to make up some story about how he's some great businessman. He bought into a bad deal with no research and now he's scrambling
- MichaelZuo 4y ago
  Source?
  - aniforprez 4y ago
    I love how you very confidently threw something out with literally zero rhyme or reason and now when someone challenges you, you have the gall to ask for a source. This is the asynchronous amount of effort it takes to deal with the ignorant Banks have financed the buyout through 13 billion dollars of debt financing. There's also billions raised by others with Musk financing about 27 billion in his own cash that he raised by selling Tesla stock[0] [0] https://www.businesstoday.in/latest/trends/story/elon-musks-twitter-takeover-who-is-funding-the-deal-351173-2022-10-29 https://www.businesstoday.in/latest/trends/story/elon-musks-...
    - MichaelZuo 4y ago
      Resorting to ad-hominems only lowers the credibility of the user writing them. And the article linked does not list where it got the information from, nor is it a reputable outlet for tech/finance news in the U.S., so it's questionable whether you bothered to actually read the entire article.
      - aniforprez 4y ago
        Quo erat demonstrandum. Speaking to someone ignorant and choosing to remain so is always more trouble than it's worth. Find a source that you're satisfied with yourself. It's not my business and this is public information
        MichaelZuo 4y ago
        Not providing a credible source, if it's allegedly so easy to find, only further lowers the credibility of the previous claim. I've only been able to find rumours and so on for specific numbers, not anything a major outlet is willing vouch for. If you genuinely don't understand that different sources can have different degrees of trustworthiness then it appears you need to do some self-reflection instead of accusing others of ignorance.