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The world's formerly richest man has successfully flushed 25 Billion -- with a B -- dollars in value down the toilet in a mere six months. That's like real mone
by DoreenMichele 4y ago
The world's formerly richest man has successfully flushed 25 Billion -- with a B -- dollars in value down the toilet in a mere six months. That's like real money even for the lifestyles of the rich and shameless set.
I think a lot of people are sitting around with a bag of popcorn watching this debacle in hopes that just for once some rich jerk fails so hard, his money and powerful connections can't fix it, can't save face, can't let him fail upwards as usual.
I think it's like a weirdo fantasy that maybe the rich and powerful will all learn their lesson by proxy if this goes up in flames bad enough.
And failing that, it's schadenfreude for all the not billionaires who are just sick to death of money insulating the rich from the consequences of their actions which all too often seem to hurt anyone and everyone but them.
/wild ass guess department
- kobalsky 4y agowhere is this valuation coming from?
- DoreenMichele 4y agoElon Musk himself in an article dated March 26, 2023. Elon Musk Values Twitter at $20 Billion The billionaire bought the social media company for $44 billion in October and took it private. https://www.nytimes.com/2023/03/26/technology/elon-musk-twitter-value.html https://www.nytimes.com/2023/03/26/technology/elon-musk-twit... I rounded up to 25 billion because it's been over a week. ;)