Just your normal everyday casual software dev. Nothing to see here.

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Cake day: August 15th, 2023

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  • As others have said, you are likely running off an old metric that’s no longer true. Twitter / X is considered a privately traded company meaning that the shares that are owned aren’t publicly given anymore, he owns at least the majority of the private shares, however he stated he owns 100% of it.

    While he has control of the company because he’s the owner, he hasn’t fully paid for the company if that makes sense. Most of his purchase for the company was done by using his other stocks as collateral to be able to take out loans from the banks.

    This is why the article the other day came up of major banks are trying to sell his loans for cheaper than what they’re actually worth, because they’re no longer confident that Elon as a whole is going to be able to foot the bill like he said he was able to. (Honestly unless trump bails it out it’s a valid concern)

    Since he owns the company, he can make any decision he wants regarding the company, there is no publicly known shareholders have any decision. Now this isn’t to say that there isn’t privately owned shareholders, but since it’s a privately owned company they’re not obligated to disclose those percentages.