Musk is losing his shirt to destroy Twitter. He already paid about 9 billion dollars for the shares he already owns. He’s going to lose much if not all of that investment. The stockholders will sue and the advertisers will sue. I don’t see Twitter surviving this. The shell that’s left will be sold off for pennies. Facebook is another social media company with huge liabilities from bots and advertising.
I wouldn’t say Elon is losing his shirt. He’s worth another couple hundred billion, so he should be fine. Your point is valid though. He is making a big investment; one I would argue on our behalf!
