Birdwatch Note Rating
2023-07-26 11:43:58 UTC - NOT_HELPFUL
Rated by Participant: A429C25A2F64D7EF96A5E9B7B94D71D2ED0527AF81E7184A67AB2A9284BBF5CA
Participant Details
Original Note:
Single private citizen didn't spend 44B to purchase Twitter/X. It was a leveraged buyout, involving many interested individual investors and banks. He may be the majority shareholder, so it could be safe to assume he spent around 50% of the total price to take it private https://www.npr.org/2022/11/30/1139964806/how-elon-bought-twitter-with-other-peoples-money https://tanay.substack.com/p/understanding-the-twitter-acquisition https://www.washingtonpost.com/business/elon-musks-twitter-deal-is-different-than-most-lbos-heres-how/2022/11/12/7c671b64-62b9-11ed-a131-e900e4a6336b_story.html
All Note Details