this post was submitted on 23 Jul 2023
315 points (94.9% liked)
Enough Musk Spam
2214 readers
8 users here now
For those that have had enough of the Elon Musk worship online.
No flaming, baiting, etc. This community is intended for those opposed to the influx of Elon Musk-related advertising online. Coming here to defend Musk or his companies will not get you banned, but it likely will result in downvotes. Please use the reporting feature if you see a rule violation.
Opinions from all sides of the political spectrum are welcome here. However, we kindly ask that off-topic political discussion be kept to a minimum, so as to focus on the goal of this sub. This community is minimally moderated, so discussion and the power of upvotes/downvotes are allowed, provided lemmy.world rules are not broken.
Post links to instances of obvious Elon Musk fanboy brigading in default subreddits, lemmy/kbin communities/instances, astroturfing from Tesla/SpaceX/etc., or any articles critical of Musk, his ideas, unrealistic promises and timelines, or the working conditions at his companies.
Tesla-specific discussion can be posted here as well as our sister community /c/RealTesla.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Where is this from?
I read it in some articles I don’t remember during the process, but a quick google search turned up this for example:
https://www.newsweek.com/elon-musks-twitter-takeover-faces-backlash-over-saudi-financing-1755606
Interesting. I was unaware of other investment groups gone into coalition to make it happen. I was aware of several banks that are on the hook for $44billion though. All of which will definitely not see that money. Morgan Stanley, Bank of America, Mitsubishi UFJ Financial Group, Mizuho, Barclays, Societe Generale, and BNP Paribas.
The fact that such massive loans were taken out to make it happen doomed twitter from the start. The interest alone on these loans makes any monetisation strategy impossible. The company was never going to be able to pay it back.