@@Cantthinkofaname-q7y Yeah, I’m not sure what other countries it’s in, or how it’s platforms are connected. I’d think the US is it’s biggest money maker tho.
I wouldn't think so. Musk's "worth" has gone up, but he doesn't actually have that as money to spend. He would need to find banks and billionaires to loan him the money, and he's still on the hook for the money spent on Twitter. Musk doesn't get paid a salary (well, a dollar) so he doesn't have to pay taxes. Banks give him limitless credit against the value of his shares, but if Tesla, Twitter, SpaceX, etc, should ever diminish in value for its shareholders, the banks might look to cash in their chips- which he wouldn't have to pay them back. So are they likely to loan him tens of billions more just because Trump likes him today?
Musk is only "paper" rich, the majority of his wealth comes from his stock holdings and the value of that wealth rises and falls as they do. Given that Telsa is highly overvalued and its sales around the world are dropping, the odds that one day a massive correction will occur, wiping out much of Musk's "wealth". He is also only allowed to sell a small amount of his total stock holdings by contract and a fair percentage of those holding are being used as security to his various and massive loans. If both Space X and Tesla's stock prices were to suffer a correction to their true market value, the banks would be forced to call in their loans to avoid further loses, basically wiping Musk out. Then do we really want Musk in control of Tic Tok after what he has done to twitter?
This is what a billionaire-controlled oligarchy looks like!
The USA is basically turning into Russia.
It's a funny use of the word "save" considering what he did to Twitter.
its much better now no more fbi and cia running it
I thought exactly the same!!
@@kayholand_ its much better now
We live in a society where there's a direct correlation between being intellectually and morally short, and being rich.
God help us lol
Perfectly appropriate that the propaganda minister would be the richest man on earth.
Only 4 days to find out officially the fate of TikTok in America, I’m guessing some people may be out of jobs if the app eventually shuts down?
I’d think they’d sell it before just throwing it away.
@ But it will still operate in China I suppose and other places just not the USA
@@Cantthinkofaname-q7y Yeah, I’m not sure what other countries it’s in, or how it’s platforms are connected. I’d think the US is it’s biggest money maker tho.
@@Cantthinkofaname-q7y China doesn't allow TikTok in China they have a version focused on education makes you think doesn't
I downloaded Red note & already learning Chinese you can keep TikTok
Nope I hope bite dance refuse to sell.
I wouldn't think so. Musk's "worth" has gone up, but he doesn't actually have that as money to spend. He would need to find banks and billionaires to loan him the money, and he's still on the hook for the money spent on Twitter. Musk doesn't get paid a salary (well, a dollar) so he doesn't have to pay taxes. Banks give him limitless credit against the value of his shares, but if Tesla, Twitter, SpaceX, etc, should ever diminish in value for its shareholders, the banks might look to cash in their chips- which he wouldn't have to pay them back. So are they likely to loan him tens of billions more just because Trump likes him today?
Honestly I would trust China running Tik-Tok more than I would trust Musk to run it!
That is a rather sad commentary on the state of affairs in the US.....and one I have to agree with.
He's doing a good job saving x
Love your sarcasm.
Musk is only "paper" rich, the majority of his wealth comes from his stock holdings and the value of that wealth rises and falls as they do. Given that Telsa is highly overvalued and its sales around the world are dropping, the odds that one day a massive correction will occur, wiping out much of Musk's "wealth".
He is also only allowed to sell a small amount of his total stock holdings by contract and a fair percentage of those holding are being used as security to his various and massive loans. If both Space X and Tesla's stock prices were to suffer a correction to their true market value, the banks would be forced to call in their loans to avoid further loses, basically wiping Musk out.
Then do we really want Musk in control of Tic Tok after what he has done to twitter?
😮