• IchNichtenLichten@server1.duluth.lol
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    3
    ·
    1 year ago

    Correct me if I’m wrong but didn’t the Saudis finance the deal to buy Twitter? Given the platform was used extensively by protesters during the Arab Spring, would it be worth it to them to pay for Musk to destroy it?

    • Steeve@lemmy.ca
      link
      fedilink
      English
      arrow-up
      4
      ·
      edit-2
      1 year ago

      One Saudi holding (95% owned by a single dude) owns about 4%, so no, there isn’t some nefarious Saudi plot here, Musk is just a fuck up.

        • Steeve@lemmy.ca
          link
          fedilink
          English
          arrow-up
          2
          ·
          edit-2
          1 year ago

          No, more likely he’s just a narcissistic fuck up. Stop looking for some grand conspiracy here, the dude built a shitty website and got ridiculously lucky to be picked up by a competent company in the dot com bubble, got kicked out of PayPal before it was even PayPal, had his entire codebase rewritten because it was shit, bought Tesla and sued to name himself a co-founder, hired people to send rockets into space and named himself Chief Technology Officer, started a number of dumbass failed business ideas like Boring and Hyperloop, and bought a fucking social media website because he got into a pissing match with the fucking social media website on that fucking social media website and then tried to weasel his way out of buying that fucking social media website but got threatened with a big ass fucking lawsuit.

          The dude is a straight up fucking loser, not some evil genius.

      • IchNichtenLichten@server1.duluth.lol
        link
        fedilink
        English
        arrow-up
        0
        arrow-down
        1
        ·
        1 year ago

        Thanks! I looked it up:

        "Prince Alwaleed bin Talal agreed to roll over $1.9 billion worth of Twitter shares through his Kingdom Holding Company to Musk’s new private company, making him the second largest investor in Twitter. Saudi Arabia’s sovereign wealth fund, chaired by Crown Prince Mohammed bin Salman, owns nearly 17% of Kingdom Holding, according to Reuters.

        Meanwhile, Qatar contributed $375 million for the financing of Musk’s Twitter purchase."

        https://www.murphy.senate.gov/newsroom/in-the-news/democratic-senator-concerned-over-saudi-financing-in-musks-twitter-deal

        I wonder if they’re happy with how their investment is going?