this post was submitted on 07 Sep 2023
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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 1 year ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world
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[–] SocialMediaRefugee@lemmy.world 11 points 1 year ago (1 children)

I think he realized it wasn't worth what they claimed but he couldn't back out of the deal.

[–] niisyth@lemmy.ca 12 points 1 year ago (1 children)

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 😂😂😂

[–] blady_blah@lemmy.world 8 points 1 year ago

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.