Economy

Musk and his criticism of the financing of Saudi Prince Al-Waleed and Qatar to buy Twitter – Corriere.it

from Massimo Gaggi

Criticize him first, then back him by keeping his 1.9 billion investment: a storm over the relationship between Musk (a self-described freedom hero) and Prince Al-Waleed bin Talad (who comes from a country where freedoms are often not respected.)

NEW YORK – He’s getting increasingly reckless in his adventures to conquer Twitter and into the world of finance, Elon Musk has disappointed Tesla shareholders (and the stock immediately lost 8%) declaring that, at least temporarily, he would also be CEO of the San Francisco Social Network, while Progressive news sites criticize him Because, while introducing himself in words as Preaching the absolute freedom of the networkAcceptance Funding From Killing Free Arab Countries (And Even Governments).

The attacks erupted, Thursday evening, with the publication of another bulletin to recover a file $44 billion Necessary for the total Twitter purchase Musk sent to the SEC: The Federal Exchange Commission Fondly Described by Tesla Founder bastard den. Musk initially split the operation into two parts: bank loans worth 23 billion while he was going to put in another 21.5 billion by selling Tesla shares. Now, however, he is reducing his personal exposure because he has found investors willing to become minority shareholders or to remain in the shareholder structure: therefore, he no longer needs to take over the entire capital of the company. In a few days, Musk collected 7.1 billion. Critics pointed the finger at once By decision of Saudi Prince Al-Waleed bin Talal to keep 1.9 billion investment in Tweet (dating back to 2011) and Sui $375 million pledged by Qatar’s sovereign wealth fundas well as sui 700 from VYCapital in Dubai.

See also  Facebook: Pages are changing, no likes

Why Elon, who claims to buy Twitter not for profit but for the sake of making one beacon of freedom of expressionaccept money from Countries where freedom of expression is denied And journalists who don’t follow the regime’s directives end up in prison or risk their lives? Diagonal law, for example, promises 5 years in prison for anyone who spreads “false or malicious news”.. The criticism is justified precisely because Musk stands as a guardian of liberties and has distinguished himself in the past by contradictory positions on this front: He has condemned measures on masks and brief lockdowns in America in the darkest phase of the pandemic as illiberal, but He didn’t say anything about China’s tougher stance and the comprehensive blockade of Shanghai. Where is the most important Tesla factory located in the world? A silence was rewarded by the Chinese authorities who allowed him to resume production with workers sleeping in the factory so as not to violate the city’s lockdown rules.

It should be noted, however, that The investment of Qatar (which, moreover, everything in the world does business) is modest: 375 million is a small thing compared to one billion Posted on Twitter by Larry Ellison of Oracle or ai 800 million from Sequoia venture capital fund. How much, then, to newbornfunded with his company, Kingdom Holding Co. Invested everywhere from Apple to Coca Cola to News Corp. And that we also know very well: at the end of the nineties, A contributor to Berlusconi’s Mediaset, to Italy to express its interest in the privatization of Eni, Enel and Finmeccanica. Here the great curiosity concerns the reasons for the sudden change in the position of the Saudi prince, who passed within a few days from the dry rejection of Musk’s offer to Twitter to his acceptance even enthusiastically, with a relative confirmation of his investment.

See also  Here are the situations in which the first home is at risk

A really intriguing movie, clearly written on Twitter. When Musk offers $54.20 per share, Newborn’s brutality: I don’t think it reflects or comes close to the intrinsic value of Twitter. As a leading and numerous shareholder in the company, I decline your offer. Musk responds with an equally dry tweet He questions the political and financial credentials of the Saudi prince: Interesting. Just two questions, if I may: How important is the share of Twitter that your kingdom directly or indirectly owns? What is your view on freedom of expression for journalists? After a few days of silence (and secret negotiations), Al-Waleed returns to Twitter to announce peace: Not only does he keep his Twitter investment, he identifies Musk as a new friend and an excellent leader. I conclude with great happiness to embark on this new adventure with him. What did that demon Elon promise him?

May 6, 2022 (change on May 6, 2022 | 19:13)

Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close
Close