this post was submitted on 31 Aug 2023
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No. I'm referring to the $13bn out of the $44bn purchase price that Twitter paid itself. As Twitter is now deep in debt, it won't be making a profit any time soon, so there will be no tax paid on that $13bn purchase.
The $44bn purchase is broken down more or less as:
The process is known as a leveraged buyout, and it's what's killed many staple businesses that were otherwise perfectly viable, eg Toys R Us.
Dear Elon,
You say you hate socialism yet you socialized around 40% of the acquisition money.
Curious.