Most of the world’s biggest advertisers have stopped buying ads on Elon Musk’s X, exclusive new data shows::Musk and X CEO Linda Yaccarino have recently stated that most of the company’s top-spending advertisers from last year have returned.

  • driving_crooner@lemmy.eco.br
    link
    fedilink
    English
    arrow-up
    10
    ·
    edit-2
    8 months ago

    Did he actually paid 44B of his own money? How much of the money came from saudi investors and twitter leverage debt?

    • abhibeckert@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      edit-2
      8 months ago

      I don’t think the exact amount is known, but he got money from a lot of sources and the bulk of it was Elon’s own money (or at least, his own assets). He also sourced a lot of money from other American billionaires (Larry Ellison for example).

      It’s likely the Saudis invested very little… although they did invest enough that Elon has to have given them something in return.

      Nobody involved in that purchase expected to make money on it. The price was far too high.

    • cheese_greater@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      edit-2
      8 months ago

      Ya I want some clarification on what he actually fucking paid and what came out of what accounts or if this is all on-paper whoreshit