Bravado and a lack of business acumen leave Musk facing a $1B penalty for his Twitter fiasco

[Otherbrother]

@FGD135

I’d like to know on what conditions he got those $25.5b + $7.14b from his backers & investors, what exactly did he promise them (other than untold riches, of course).

Evidently ceasing to criticize various Saudi human rights abuses is part of it.

Elon’s war of words with the Saudi prince is over as he secures further...

It’s unclear how Musk was able to change Alwaleed’s mind, but in a tweet Thursday, the Saudi prince called the Tesla CEO his “new friend” and pledged to roll the $1.9 billion stake he owns in Twitter toward Musk’s privatization effort.

Things weren’t always so smooth. After Alwaleed tweeted out his rejection of Musk’s offer in April, Musk responded by questioning Saudi Arabia’s views on freedom of the press.

The country—which explicitly does not provide for freedom of expression or press, according to a 2018 U.S. State Department report on human rights in Saudi Arabia—currently ranks166 out of 180 on the 2022 Press Freedom Index.