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Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over
(markets.businessinsider.com)
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this post was submitted on 18 Jul 2023
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Musk didn't pay $44bn. He paid $26bn, then $5bn was from other investors and the remaining $13bn was a loan Twitter took out to buy itself on Musk's behalf.
Yay, leveraged buyouts! They totally aren't used to avoid tax and kill businesses!