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He doesn’t lose $43 billion. He goes from osning $43B of one thing to $43B of a different thing.
by thepasswordis 5y ago
He doesn’t lose $43 billion. He goes from osning $43B of one thing to $43B of a different thing.
- dragonwriter 5y agoJust because he spends 38% over market price for Twitter doesn't mean that the realizable value of Twitter to anyone but the people who have already sold to him goes up by that 38%, nor, even if it did, does it mean it retains that value once he takes control.
- YossarianFrPrez 5y agoTrue, but I'm not too concerned whether Musk loses $43 billion or makes a 9% return on his money. While I don't imagine most people would be happy "losing" ~16% of their net wealth, when you have a quarter of a trillion dollars, I don't know that it makes any difference. Wealth and money mean something different at Musk's scale.