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Elon Musk may have to sell billions in Tesla stock to rescue X (fortune.com)

submitted 1 month ago by btaf45 to c/[email protected]

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[–] [email protected] 3 points 1 month ago* (last edited 1 month ago) (1 children)

Why tho? He doesn’t need it to be profitable, he already has it as his own echo chamber. Any more money in is just sunk cost fallacy to bring back people he’s happy to see gone in the first place.

“It’s my house and I’ll shoot out the windows if I want to,” Musk was heard screaming, yesterday.

[–] Illuminostro 1 points 1 month ago (1 children)

Because his shareholders will sue the shit out of him if he doesn't turn it around.

[–] [email protected] 2 points 1 month ago

This, and if he doesn't keep burning money, What-Was-Once-Twitter's ebbing audience will ebb faster.