3 ms·
He paid $44 billion on it. This is a substantial amount of his wealth, close to a fourth of it at that time. The default assumption is that he would try to extr
by epups 3y ago
He paid $44 billion on it. This is a substantial amount of his wealth, close to a fourth of it at that time. The default assumption is that he would try to extract some value from it.
- runlaszlorun 3y agoHow much of that was raised from other investors? I don’t know myself.
- epups 3y agoMy understanding is that he got capital by using his Tesla stock as collateral - having liquidated all at once would have damaged its value, which happened anyway to a lesser extent. I don't know how this debt is structured now, but I would be very surprised if running the company to the ground would simply eliminate it.
- giantrobot 3y ago> This is a substantial amount of his wealth, close to a fourth of it at that time He debt financed the buyout. While he had to put up a non-trivial amount of his own money he also borrowed a non-trivial amount of money. Part of Twitter's problems today is paying an extra billion dollars a year in interest payments on those loans.