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In reply to the discussion: Elon Musk says his takeover of Twitter is 'on hold.' [View all]BumRushDaShow
(128,840 posts)26. His Tesla stock took a hit on the bitcoin market collapse
Link to tweet
Josh Marshall
@joshtpm
·
May 13, 2022
Hadnt Tesla parked a few billion of reserve cash in crypto?
Dr. MadScientistPhD
@MadScientistPhD
cnbc.com
Tesla says it held nearly $2 billion worth of bitcoin at the end of 2021
By Dec. 31, the fair market value of its bitcoin holdings came in at $1.99 billion.
7:54 AM · May 13, 2022
@joshtpm
·
May 13, 2022
Hadnt Tesla parked a few billion of reserve cash in crypto?
Dr. MadScientistPhD
@MadScientistPhD
cnbc.com
Tesla says it held nearly $2 billion worth of bitcoin at the end of 2021
By Dec. 31, the fair market value of its bitcoin holdings came in at $1.99 billion.
7:54 AM · May 13, 2022
I suppose some of this is going to hinge on where that market is headed.
https://www.barrons.com/articles/bitcoin-ether-terra-luna-tether-crypto-prices-today-51652342984?tesla=y
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Of course he will, and he is trying to avoid the one billion dollar breakup fee he would owe.
JohnSJ
May 2022
#2
Yes. Some are speculating that he is trying to drive the price down, and renegotiate a lower price
JohnSJ
May 2022
#51
I think not just as an out of the Twitter deal - I think to purposely ruin Twitter
Pachamama
May 2022
#52
"Musk knows as well as anyone Twitter is also a great tool for market manipulation and securities
sop
May 2022
#30
Oh seriously, fuck this guy and everybody who cares what he says. At some point his $ doesn't matter
FreepFryer
May 2022
#6
"a way to get the stocks to fall to where his Tesla holdings will be enough to purchase it."
BumRushDaShow
May 2022
#17
Just yesterday, that news that the Milky Way's black hole is precisely the size he predicted!
JudyM
May 2022
#46
Playing the media world like a drum...he sure know how, no one can argue that.
Alexander Of Assyria
May 2022
#24
PPS down 4.50 so he can buy millions of shares and POOF tomorrow the deal in back on
Bengus81
May 2022
#32