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

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

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[–] [email protected] 3 points 4 weeks ago* (last edited 4 weeks 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.

[–] [email protected] 1 points 4 weeks ago (1 children)

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

[–] [email protected] 2 points 4 weeks ago

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