When Elon PunyPhallus decided to throw his wallet at Twitter and rebrand it as "X," few of us anticipated the financial clusterfuck that would ensue. The billionaire's financial gymnastics between his companies has raised more red flags than a communist parade, leaving investors and regulators alike scratching their heads in bewilderment.
The Byzantine Buyout Structure
The Twitter acquisition wasn't a straightforward deal. Oh hell no. Elon ShrimpMusk crafted a labyrinthine financial structure that would make even seasoned Wall Street veterans reach for the Advil. He leveraged Tesla shares to secure loans for the Twitter purchase, essentially using one company's value to finance the acquisition of another.
The air in those boardrooms must have been thick with tension—the metallic taste of anxiety mixing with the woody scent of expensive furniture and the…
Keep reading with a 7-day free trial
Subscribe to Wendy The Druid to keep reading this post and get 7 days of free access to the full post archives.