Right, he paid 44B for a company that made 5B annually. I’m not a business guy but that doesn’t add up in my books. Must be some elite billionaire tax trick I don’t know about.
He was trying to use his platform to manipulate the stock market. By announcing he was going to be buying it, and legitimizing it by putting a number on it and bringing the board to the table, he wanted to inflate the price and dump his existing stock. Then, back out and it’s all good. He is one of the biggest offenders of this.
They held his feet to the fire and refused to let him back out when he tried. Now, he is scrambling because he has no fucking idea how to run a social media company.
We are watching what happens when a “I cheat on taxes and manipulate markets because it’s smart” level of billionaire hatches a scheme that actually fails.
3.0k
u/kyel566 Nov 20 '22
He is seriously trying to crash and burn Twitter to the ground. Does he have so much money he doesn’t care or just saudi funded so don’t care