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Overpay is relative there is no meaning-full difference between your net worth being 250 or 230 Billion. Now having control of a key political discourse platfor
by qaq 4y ago
Overpay is relative there is no meaning-full difference between your net worth being 250 or 230 Billion. Now having control of a key political discourse platform of the world while being the richest dude that def comes with benefits.
- andsoitis 4y agoWell he clearly didn’t think it was worth it, given the attempts to backtrack out of the deal.
- the_gipsy 4y agoThen why actively damage the credibility of said platform? Stop with the 4d-chess apologism.
- LawTalkingGuy 4y agoBecause Twitter's failures are all semi-public anyways. He's scapegoating. Attacking them for these things firmly attaches blame to the previous management and becomes his first success as a manager. It's what always happens, but he did it proactively. It won't hurt Twitter's value because it never really had credibility, but also doesn't need it. Nobody is going to get up tomorrow and say "I was going to tweet this, but I'll rumble it instead because Twitter has lied to the FTC since 2011!"
- johannes1234321 4y agoYes, 230 vs 250bn isn't much of a difference. However the question is liquidity. If he has to sell 20bn of Tesla stocks that may lower the value of Tesla, thus pull his net worth down. In addition some of his sponsors might pull out of the deal after seeing his erratic handling of the case, thus he has to provide even more liquidity. Which means selling off more Tesla, which reduces his control.
- FormerBandmate 4y agoThis already happened. Tesla is one of the most liquid stocks in the world (check their volume and option chain), it didn't effect their stock price much
- 93po 4y agoElon has more money than God. Boo hoo 20bn less of Tesla stock. It means literally less to Elon than $40k does to me as a tech worker which is very little.