Bernie Ecclestoned@sh.itjust.works to Technology@lemmy.worldEnglish · 1 year agoAccording to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billionfinance.yahoo.comexternal-linkmessage-square245fedilinkarrow-up11.32Karrow-down146
arrow-up11.28Karrow-down1external-linkAccording to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billionfinance.yahoo.comBernie Ecclestoned@sh.itjust.works to Technology@lemmy.worldEnglish · 1 year agomessage-square245fedilink
minus-squareSocialMediaRefugee@lemmy.worldlinkfedilinkEnglisharrow-up11·1 year agoI think he realized it wasn’t worth what they claimed but he couldn’t back out of the deal.
minus-squareniisyth@lemmy.calinkfedilinkEnglisharrow-up12·1 year agoAFAIK he had to be sued into buying it once he tried to weasel out of the deal. So it wasn’t for lack of trying definitely 😂😂😂
minus-squareblady_blah@lemmy.worldlinkfedilinkEnglisharrow-up8·1 year agoThere was a clause in the contract that said if he backed out he would have to pay $1 billion. Who knew that would actually have saved him way more to exercise that clause.
I think he realized it wasn’t worth what they claimed but he couldn’t back out of the deal.
AFAIK he had to be sued into buying it once he tried to weasel out of the deal. So it wasn’t for lack of trying definitely 😂😂😂
There was a clause in the contract that said if he backed out he would have to pay $1 billion. Who knew that would actually have saved him way more to exercise that clause.