this post was submitted on 05 Jul 2023

524 points (99.2% liked)

World News

32288 readers

726 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

Rumblestiltskin@lemmy.ml

AgreeableLandscape@lemmy.ml

jackmarxist@lemmy.ml

zephyreks@lemmy.ml

OurToothbrush@lemmy.ml

524

Twitter refuses to pay for arbitration it forced on 891 ex-employees, suit says (arstechnica.com)

submitted 1 year ago by BrikoX@vlemmy.net to c/worldnews@lemmy.ml

52 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] pulaskiwasright@lemmy.ml 7 points 1 year ago (1 children)

I think he knew Twitter was a turd and wanted to use it as an excuse to dump Tesla stock without killing Tesla share value. The plan went awry when he couldn’t weasel out of the deal as planned and was forced to actually buy a company that was dead weight.

[–] SaltySalamander@lemmy.fmhy.ml 2 points 1 year ago (1 children)

Pretty sure he took out loans using his Tesla stock as collateral, rather than dumping the stock outright.

[–] pulaskiwasright@lemmy.ml 1 points 1 year ago

He did both. He sold at least $3,000,000,000 in Tesla stock to help fund the twitter purchase.