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> You're assuming it was a business transaction. Of course not. Musk never intended to make a direct profit. > As a political transaction, if anything, Musk pa
by Macha 2y ago
> You're assuming it was a business transaction. Of course not. Musk never intended to make a direct profit.
> As a political transaction, if anything, Musk paid very little for what he got.
I think the fact that he tried to get out of it, indicates that this wasn't a long term plan, though he did eventually make political use out of it.
- cma 2y agoAnd if they let him out of it he could have always immediately made another cheaper offer.
- deleted 2y ago[deleted]
- ergocoder 2y agoHe tried to get out because the market crashed. FB went down like 3x. I don’t think there is anything more than that. There was no harm in trying to get out and potentially buying it at a half price. He tried and failed.
- root_axis 2y agoI think he bargained on getting a lower price, but it was definitely a political decision, it's only that the horse he was originally betting on was DeSantis. After that fell through he eventually found his way to Trump.