this post was submitted on 17 Aug 2023
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As Twitter destroys its brand by renaming itself X, Mastodon user numbers are again soaring | TechCrunch (techcrunch.com)
submitted 1 year ago by Frostwolf@lemmy.world to c/technology@lemmy.world
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It's not just lemmy that's benefiting from Elon Musk.

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[–] kaba0@programming.dev 1 points 1 year ago (1 children)

That 44b had to be paid in real cash, not just the current theoretical value of the sum of his shares. He sold quite a lot of Tesla shares afaik to banks to give them a “small loan”.

[–] Vlyn@lemmy.zip 2 points 1 year ago

Lol, "real cash", look it up what he actually did. He took a loan in the name of Twitter, so he didn't even use his own money. Pretty much financing half of the deal with the theoretical value of the company he just bought. And he took in extra money from Saudi investors, it's not all his money.

There was never a 44b "real cash" transaction.