Probably just the same market manipulation he tried with Twitter and succeeded with Bitcoin.
this post was submitted on 10 Feb 2025
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Why not make it an even 100 billion is what I would ask if I were uninformed, which I am, so it's what I'm asking.
Because if you believe it's worth $97B you don't offer to overpay by $3B...
Satya won't be happy about that.
I thought he only barely pulled off the Twitter deal at $40B, now he's going 2x+ that much?
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That's a really low offer; the company easily at the very least has three times that valuation.
What is this? An OpenAI for ants?
chump change fellas
His net worth is NOT how much money he is net positive. All his net worth means, is he has hundreds of billions of assets, it says nothing for the debt load he is holding onto, nor how much of his assets are already leveraged. With how throughly he has obliterated xitters ad income when it was being sold because investors were unhappy with ad income already being too low, it looks like ol Elon might have found a sure fire way to turn a billion into a million, and somehow people keep loaning him money... Have they checked who else has their financial interests vested in assets he "owns" or when you have that much stuff do they just assume no one else is using it for collateral... Just be interesting if suddenly his entire fortune went up with a puff of smoke because the debt load was too high and one of his investments went further sour causing a cascade similar to a short squeeze, just encapsulated entirely on elon musk and his assets being liquidated...
At least part of the money helps invested in things like Twitter etc he borrowed from other companies he owns that are overvalued (Tesla).