The billionaire had last year tried to back out of his $44 billion offer to buy what was then Twitter, but financed the deal by borrowing $13 billion from a consortium of banks. (…)

Musk may be looking to reduce those payments by ensuring X isn’t worth very much, Bloomberg commentator Matt Levine posited in January.

  • TropicalDingdong@lemmy.world
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    7 months ago

    helping his political side attempt to gain further power while hindering his political opponents’ abilities to organize

    In that sense it was, and still is, a great investments.

    An election is worth far far far more than the price they paid.