pull down to refresh

10 sats \ 1 reply \ @cryptocoin OP 4 Apr 2022 \ parent \ on: Elon Musk Takes 9.2% Passive Stake in Twitter | Bloomberg bitcoin
And I wonder what happened to all of Elon's equity in PayPal (which then some of which became equity in eBay).
Wait, I'm guessing he liquidated it and then invested those funds into what he felt would help create the world he wanted to see.
Which, for Jack, maybe that involved accepting deals that diluted his Twitter stake but raised funds he put into Square.
write
preview
10 sats \ 0 replies \ @k00b 4 Apr 2022
Yeah, he probably just liquidated and got diluted over time. Twitter is 15 years old after all and he had a bunch of cofounders. It just makes me think of Saylor's 23.70% stake of Microstrategy which is 20 years old (but also has a much tinier market cap). According to Wikipedia he "controls" 70% of the shares ... but there's no source for that number afaict and it's probably wrong.
reply