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Elon Musk's X Secures $1B in New Funding, Valued at $32B

• deleted 2y ago
  [deleted]
• techpineapple 2y ago
  This seems like a key point: "This latest capital infusion, which saw participation from Musk himself and..."
  • toomuchtodo 2y ago
    A perilous position to be in with the rapidly declining share price of TSLA, which will eventually trigger liquidation at a certain price.
    • techpineapple 2y ago
      Yeah, if there is any skill I give Elon Musk credit for though it's getting himself out of tight situations.
      • toomuchtodo 2y ago
        Slippery pig financial engineering is what he does best.
• Zigurd 2y ago
  ELon and Darsana Capital Partners are the only two participants, as reported originally by Bloomberg. Darsana Capital Partners is not as far as I can tell an actual VC with a portfolio of similar deals. This seems like Elon bailing out Twitter because the interest payment is due and operations are lossy.