this post was submitted on 31 Oct 2023
1077 points (95.4% liked)

Technology

59598 readers
3320 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
1077
One year after being bought for $44 billion, X is worth $19 billion (arstechnica.com)
submitted 1 year ago by [email protected] to c/[email protected]
186 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.

My mistake. I mistakenly thought he'd simply swapped the Tesla stock at face value, rather than cashing it out via a brokerage.

[โ€“] [email protected] 1 points 1 year ago

No problemo. I usually don't give a shit about this kind of stuff, but if a single person buys for such a huge sum, I maybe look into it.