Or he is trying to get the price down by tanking the shares. Down 25% already.
Remember Telsa shares have also dropped quite a bit since he announced he was buying Twitter and it was against that equity he was borrowing against. So not only is $44 billion a lot of money it became a bigger fraction of his worth since the day of the announcement of the takeover.
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Quote:
Originally Posted by Pierre
It's an important detail, and part of the valuation of the company. To accurately know many actual users there are so any advertisers know the size of audience they're reaching.
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It is but this is what is done as part of due diligence before you commit to buying. It's weird he is at this stage and now he suddenly wants to do it.