this post was submitted on 31 Aug 2023
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Well that was the whole point. His old friend Peter Thiel and others failed to set up a competing service against Twitter, so now they're undermining Twitter. Either Twitter steps into line and becomes what they want it to be, or it dies due to the $13bn debt/tax avoidance scam that Musk performed.
Since I don't follow Musk, please elaborate. I hope, you don't mean his buying an unprofitable company for $40B was to avoid taxes...
Overpaying and then destroying the value means that eventually, he will be able to claim losses on his taxes. This will allow him to reduce his tax liability for his profitable businesses.
Sure but it doesn't make sense to destroy more capital than you're liable in taxes.