So, shareholders got paid the pre-downturn price after the downturn? At a time b... | Hacker News

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		hef19898 on March 7, 2023 \| parent \| context \| favorite \| on: Twitter was down So, shareholders got paid the pre-downturn price after the downturn? At a time big tech went down double 10+%? Sounds like an incredibly good deal to me.

RC_ITR on March 7, 2023 [–]

Yeah it was.

But now $44bn is the cost basis for all the current shareholders, so Elon has to make returns against that.

hef19898 on March 8, 2023 | [–]

If pre-acquisition shareholders choose to stick around after that windfall, well, that there problem. And Elon's.

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