Yeah, that's true, I've read that too. He was beyond broke and had a bet going with Larry Page that he can turn things around. His private funds went to zero and he was super close to losing his companies to Larry & Serge.
Impressive to have friends like that, who can help you with Millions of cash beyond reason and also trust you to make it through.
Larry Page : I Would Rather Give My Billions To Elon Musk Than Charity
Elon Musk will turn the billions into trillions, that is why.
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