Technology Real Raw News: How Elon Musk is Financing the Twitter Purchase

Published on 26 May 2022 at 16:20

All this chatter around Elon Musk, how does he say sane? How does he work past all the different narratives? Which ones are true and which ones are false? Elon Musk has become such a polarizing figure; the liberals seem to question his every move and the conservatives seem to think he is fighting with them. Maybe he is now, he has currently denounced the whole Democratic party due to their higher tax rates and has now proclaimed he will start voting Republican. This isn't a shocker, most wealthy businessmen vote for whoever is supporting their best interests. 

Since Elon Musk has risen to the upper echelon of wealth (standing alone at the top as the richest man alive); it seems that he has been attacked by the liberals. Before he was heralded because he was (to the liberals) a big part of the green movement that represented saving the environment. Now that he is a mega-wealthy human, they have started to attack him. This is clear, look at the timeline of how he has been portrayed in articles throughout his rise to the top. 

With all that being said, he is still preparing for a Twitter takeover and it has seemed to push the left over the top (with frustration) and he doesn't even have control yet. Just a $44 billion dollar backing; $13 billion is coming from loans backed by banks and $33.5 billion coming from other financing commitments (mostly private) such as, Prince Alwaleed bin Talal (from Saudi Arabia), Binance, and Lawrence J. Ellison Revocable Trust (to name a few). 

Elon Musk has pulled back on all money used as collateral through his Telsa Stock holdings, which caused quite a loss to the stocks when it was reported that he was going this route for further financial backing. What will Elon Musk do with this purcahse, so far he has said he will reverse all those political figures banning declaring free speech absolutism.  Other than that, we as of the twitter community don't know what he do for better or for worse. Until then, I advice that you look at what Elon Musk does as a person and not pay attention to those who praise him or throw shade on him (they usually have some sort of agenda). Instead, take what they say with a grain of salt and try to sift through the excessive data and find the actions he takes and then judge him off of that.



Factbox: How is Elon Musk funding his $44 bln offer to buy Twitter

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