Hillarious. He wrote his own press release to pretend like he didn't just buy his privately held company using his publicly held company shares.
He's an idiot but I'll give him some credit, he just dumped a bunch if shares at their inflated value before they could drop even more. The guys he conned into buying Twitter with him won't have a reason to seek revenge now, and he can make whatever bullshit claims about the value if X he wants, since it's a private sale.
He did roughly the same thing with Telsa acquiring Solar Winds. Musk's Net worth is smoke and mirrors.
He's an idiot but I'll give him some credit, he just dumped a bunch if shares at their inflated value before they could drop even more. The guys he conned into buying Twitter with him won't have a reason to seek revenge now, and he can make whatever bullshit claims about the value if X he wants, since it's a private sale.
He did roughly the same thing with Telsa acquiring Solar Winds. Musk's Net worth is smoke and mirrors.