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Could X go bankrupt under Elon Musk? (www.bbc.com)

submitted 11 months ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] Kecessa@sh.itjust.works 2 points 11 months ago (1 children)

Eh... They would have lost money as he bought Twitter for more than it was worth and once he bought it the edge funds were forced to close their positions as Twitter wasn't on the market anymore.

Unless you're talking about shorting Tesla in which case sure, but that's Elon's piggy bank, so that wouldn't make much sense.

[–] Zuberi@lemmy.dbzer0.com 0 points 11 months ago

100x derivatives on the date of TSLA's forced sale will make Elon more money than TSLA will lose.