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Money is just numbers on a screen. He spent $30B on his personal worldwide megaphone. Less than 20% of his savings. That's like a normal rich person buying an
by hgsgm 3y ago
Money is just numbers on a screen.
He spent $30B on his personal worldwide megaphone. Less than 20% of his savings. That's like a normal rich person buying an expensive house during a real estate bubble.
- scarface_74 3y agoHe fought tooth and nail not to buy Twitter at the price he paid. He wanted to walk away.
- BulgarianIdiot 3y agoCalling his Tesla stock "savings" and using market cap to determine its liquid purchase power is astoundingly ignorant. Tell me, if you have, say, 100 million in savings, and you spend 20 million, does the remainder magically shrink also to 20 million, like happened with Musk in 2022? Also do you realize he paid about 1/4 of the value of Twitter. The rest is loans and other investors burning cash by trusting him and rolling over. Tell me why did a wealthy man who merely spent "20% of his savings" take on high-interest debts worth over 13 billion?