Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares?
NotMyOldRedditName@lemmy.world 1 week agoFYI he stopped using his stock as collateral for the purchase part way though. He sold more shares, and got more outside investment.
Pika@sh.itjust.works 1 week ago
I didn’t realize he paid his stock parts off already, thats good to know!
NotMyOldRedditName@lemmy.world 1 week ago
I don’t know if he actually ever did it, or had just said he was going to? As in I’m not sure if there’s was anything to pay off. But there very well may have been an actual real debt there for a short period of time.