this post was submitted on 25 Nov 2023
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X may lose up to $75 mln by year-end on advertiser exodus - NYT (www.reuters.com)
submitted 10 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world
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[–] phoneymouse@lemmy.world 10 points 10 months ago (1 children)

How much of his own money did he really lose though? Didn’t he have a bunch of people throw in with him?

[–] dustyData@lemmy.world 13 points 10 months ago* (last edited 10 months ago)

Around $22Bn, that's how much he had to sell on Tesla stock. The other half was a loan from several banks and investors that got saddled to Twitter itself. These things are public, that's how we know most of the loan money came from the Saudi crown.