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by jefftk 1527 days ago
> Musk is someone who said “funding secured” without funding secured in 2018.

Yes, though that was a Tweet and not an SEC filing

1 comments

> that was a Tweet and not an SEC filing

Most people, at this point, believe he has funding. When he first tweeted his bid, however, the stock dropped.

He still has to come up with $21bn. He’s tapped out on margin loans, so that will involve some selling of assets. And market conditions are volatile enough for those funding commitments to fall through.

Some portion of that remainder can come from TWTR shareholders who are willing to go private.
How would that work. They'd loan Elon money? As a private company, Twitter would only be allowed to have 999 shareholders.