The billionaire had last year tried to back out of his $44 billion offer to buy what was then Twitter, but financed the deal by borrowing $13 billion from a consortium of banks. (…)
Musk may be looking to reduce those payments by ensuring X isn’t worth very much, Bloomberg commentator Matt Levine posited in January.
or he’s a dumbass with no self control and a head full of bad ideas that’s pissing off Saudi investors that wanted in on the site so they could use it for global surveillance.