some_guy@lemmy.sdf.org to Technology@lemmy.world · 2 days agoElon Musk just offered to buy OpenAI for $97.4 billionwww.theverge.comexternal-linkmessage-square149fedilinkarrow-up1658arrow-down129file-text
arrow-up1629arrow-down1external-linkElon Musk just offered to buy OpenAI for $97.4 billionwww.theverge.comsome_guy@lemmy.sdf.org to Technology@lemmy.world · 2 days agomessage-square149fedilinkfile-text
minus-squarelovelywon@lemmy.worldlinkfedilinkEnglisharrow-up12·20 hours agoHe offered to buy it with someone else’s money and take the credit
minus-squarebillwashere@lemmy.worldlinkfedilinkEnglisharrow-up1·56 minutes agoI’ve never understood how you can take out a loan to buy a company, turn around and place all that debt on the company you just bought, and have no personal ramifications when the company goes belly up because the debt load is too high.
He offered to buy it with someone else’s money and take the credit
I’ve never understood how you can take out a loan to buy a company, turn around and place all that debt on the company you just bought, and have no personal ramifications when the company goes belly up because the debt load is too high.