Reddit enrages users again by ditching thank-you coins and awards::Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.
6 points
5 points
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Definitely not. Here’s the breakdown of the $44 bn purchase:
- $5 bn from other investors, including a Saudi prince
- $26 bn from Elon, underwritten by stocks in Tesla (which significantly dropped in value after the purchase)
- $13 bn in a loan that Twitter took out to buy itself on Musk’s behalf.
Twitter could hardly pay the interest on that $13 bn, even before Musk tanked the company’s revenue. Either Twitter steps into line and gets more investment from right wing control freaks, or it dies - both could be seen as a win in the eyes of Peter Thiel or the Saudis.
2 points
1 point
