The billionaire had last year tried to back out of his $44 billion offer to buy what was then Twitter, but financed the deal by borrowing $13 billion from a consortium of banks. (…)
Musk may be looking to reduce those payments by ensuring X isn’t worth very much, Bloomberg commentator Matt Levine posited in January.
Yeah it was bought for the sole purpose of hurting people he doesn’t like and helping his political side attempt to gain further power while hindering his political opponents’ abilities to organize. And in his mind, ideally make some money in the process
In that sense it was, and still is, a great investments.
An election is worth far far far more than the price they paid.