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> Unless you do really stupid things with that money it’s almost impossible for a billionaire to get poorer. "Really stupid things" like buying a social media

• sgc 4y ago
  That is like the average FAANG-wealthy programmer buying a modest house with a loan. It has little effect on his wealth outside of the egregious display of his behavior.
  • ceejayoz 4y ago
    His behavior can impact Tesla share prices, if it's bad enough. That has a large and direct impact on his wealth.
    • ModernMech 4y ago
      It already has. Tesla is underperforming the S&P 500, as well as their competitors like GM and Ford. It’s on track for its wort year ever. Tesla brand perception has dramatically tanked for 50% of the market since Musk bought Twitter, where he seemingly spends all his time there trolling. People are wondering who the hell is running Tesla since Musk tied himself to Tesla’s branding and image, but now he’s suddenly completely MIA.
    • sgc 4y ago
      That is literally what I said, so yes, I agree. But the fact he bought a social media company does not impact it, outside of him using it to amplify his visibility.