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Musk may be on the brink of achieving the impossible: Salvaging his X investment

15 pointsby trothamel3 months ago

2 comments

k3103 months ago
The dynamic duo found an angel investor, called the U.S. treasury.<p>I read that an &quot;inspection&quot; of Fort Knox is planned.<p>This is all very much like a James Bond movie, less James Bond.
dralley3 months ago
Probably relevant: <a href="https:&#x2F;&#x2F;www.wsj.com&#x2F;business&#x2F;media&#x2F;x-hinted-at-possible-deal-trouble-in-talks-with-ad-giant-to-increase-spending-feb122a6" rel="nofollow">https:&#x2F;&#x2F;www.wsj.com&#x2F;business&#x2F;media&#x2F;x-hinted-at-possible-deal...</a><p>&gt;A lawyer at advertising conglomerate Interpublic Group fielded a phone call in December from a lawyer at X.<p>&gt;The message was clear, according to multiple people with knowledge of the conversation: Get your clients to spend more on Elon Musk’s social-media platform, or else.<p>&gt;X CEO Linda Yaccarino has made comments that seemed like similar warnings in conversations with Interpublic executives, according to people with knowledge of those talks.<p>&gt;Interpublic leaders interpreted the communications from X as reminders that the recently announced $13 billion deal to merge Interpublic with rival Omnicom Group could be torpedoed, or at least slowed down, by the Trump administration, given Musk’s powerful role in the federal government, some of the people said. They also had a front-row seat to Musk’s continued criticism of advertisers that ditched X since he bought it in 2022, when it was known as Twitter.<p>&gt;Interpublic has recently signed a new annual deal with X for potential client spending, people familiar with the agreement said.
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