News for hackers. Stuff that matters.

A comment on NPR quits Twitter after being labeled as 'state-affiliated media'. Parent comment

Re:NPR quits Twitter after being labeled as 'state-affiliate... by codeddesign on Wednesday April 12, 2023 @03:51PM (#35545764)
Large shareholders were moved to equity upon purchase.

In other words..the Saudi you are referencing was a large shareholder of the “Old Twitter”.

That’s along the lines of “how much did Russia fund Facebook”

VTB (sanctioned bank) funded Facebook in the tune of $1bn. It also funded Twitter in 2011 for $191m.

[ Parent | on HN ]
Re:NPR quits Twitter after being labeled as 'state-affiliate... by BulgarianIdiot on Thursday April 13, 2023 @05:56AM (#35553210)
Buying shares is not funding. Unless the shares are emitted from the co itself. Which happens during IPO and dilution only.
[ Parent | on HN ]