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by mccorrinall 1275 days ago
He was kinda forced to buy twitter in the end. He made a bid, but then the marketed turned red, and then didn’t want to buy it anymore. Now he is stuck with a company which generates less earnings than the interest costs from the buyout credits.

That’s also why he is even firing the kitchen staff and selling their kitchen appliances. He is so desperate for money to keep this company from bankrup.

Which is also probably the reason why he plays with QAnon stuff. I think he is speculating on someone to take twitter away from him. Maybe.

2 comments

he wasn't "forced", he signed an agreement to buy it, and then did.

he failed to do any due diligence before signing and failed to include any outs in the agreement in case he changed his mind, but that's just stupidity or laziness, not being forced into something.

That’s like saying “I just bought a house for $4.20 million because I think 420 is a funny number, but now I’m suing the seller because I just realized I can’t afford the mortgage payments because my stock portfolio declined in value after the purchase”

That’s life. No one should have sympathy from Elon for making bad financial decisions. He’s smarter than that.