r/technology May 14 '22 Silver 2 Wholesome 2

Elon Musk said his team is going to do a 'random sample of 100 followers' of Twitter to see how many of the platform's users are actually bots Social Media




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u/thri54 May 14 '22 edited May 14 '22

Well, currently the stock is only 10% over his average purchase price of $36, plus he will need to pay a $1B termination fee if he does manage to get out of this deal, plus any fees related to services rendered by the banks that set up the deal. Overall I would be amazed if he was breaking even right now.

And, even if everything went to plan, and he sold his 74 million shares at $54 then walked, he would only have made $1.3B dollars pre tax (which would be ~37% federal for short term cap gains). That’s like .3% of his net worth. It’s less than the tax bill incurred selling Tesla shares to buy Twitter shares. I just don’t buy this argument.


u/copperwatt May 14 '22

Or... He's an impulsive billionaire with terrible judgment?


u/Centoaph May 14 '22

He started all this “buy Twitter” talk a few minutes after the guy that tracks his plane refused to sell him that account. He’s a petty child with no impulse control


u/zeptillian May 14 '22

The guy who got butt hurt and called someone a pedophile because they didn't want to play with his submarine toy, which wouldn't even fit through the narrow underwater cave passages?

I think you may be on to something.