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If he tanks the price this allows him to take it private at a much cheaper rate. When he relists with 100% ownership he stands to profit when he dumps it on so
by iceburgcrm 4y ago
If he tanks the price this allows him to take it private at a much cheaper rate. When he relists with 100% ownership he stands to profit when he dumps it on some media company.
- govg 4y agoHis taking private price is fixed and not going to change anymore.
- iceburgcrm 4y agoIf you own stock and the company decides to go private when they reclaim the shares they generally offer market price and if that price is lower Elon saves money. He doesn't own 100% he owns (his alliance of lenders owns) a controlling share.
- detaro 4y ago... this all has already happened. Twitter is private right now. Bought at the $54.20 per share Musk committed to in April.