this post was submitted on 30 Nov 2023
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At this point it starts to really look he wants X to bankrupt so he doesn't have to pay
His backers include the Saudis. If he doesn't pay, they'll whip out ol' bonesaw on him
He never actually wanted it as a company, he only wanted to open it up because he had a misguided belief it was some evil corporation controlling what people can say and he wanted that control instead.
I don't even think it was that, from what I understand he claimed that he was buying Twitter out of a desperate bid for attention. And then he was too fucking stupid you understand how Finance law works, and that you can't just back out of a billion dollar deal last second with no warning or without probable cause.
Why wouldn't he have to pay? He already had to pay when he bought it. He put in cash and took on debt. The only real benefit to this thing tanking is he can take a massive capital loss and probably never pay income tax again.
The downside is he would owe a lot of money to people you don't want to owe and he looks like a bigger moron by the day. Sooner or later, Tesla investors are going to get spooked by his deranged behavior and then he's in a world of hurt. All his wealth is tied up in Tesla and he uses his position as CEO to pump the stock with all his bullshit lies. It's like a giant Ponzi scheme. As soon as the value comes back down to Earth and the stock is priced like a normal company he's in big trouble.
He doesn't pay income tax now. He has no taxable income. The guy isn't drawing a salary, his money comes from capital gains and he's taxed on that.
Yes, that’s correct but a year or two back he did liquidate some of that money and to pay taxes. I thing he’s the record holder for having to pay the must taxes at once by a single individual.
He's definitely trying to destroy Twitter on purpose.