Old enough to remember liking Twitter
Who's funding Elon Musk's Twitter and what do they get in return?
According to The Washington Post, these are the people who have invested enough cash in #ElonMusk's money-losing #Twitter business to earn themselves some significant non-financial benefits, even if the company never makes a profit:
#SaudiArabia, #Qatar & #Binance (which was founded in China) get: "Access to confidential company information... (which could include) personal data about Twitter’s users... (that would be served up to) governments that have a history of cracking down on dissidents on Twitter and other online platforms."
Venture capitalists #AndreessenHorowitz and #SequoiaCapital get: The ability to influence: "How Musk decides to run the company, who he hires and promotes, and what features and products he emphasizes."
Elon's buddies #LarryEllison and #JackDorsey get: Who knows? "From political persuasion to regained glory, the wealthy elite in Silicon Valley have myriad reasons to ally themselves with Musk — and may have some asks of him too." Like naming the next CEO.
#MorganStanley, #BankofAmerica, and #Barclays get: Interests payments of $1 billion each year. Plus: "A huge role if the company goes under."
Read the full article free with this gift link:
