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what's $30bn to someone with $260bn? that's like the average person buying a mac, or maybe a cheap car, except less important because Elon Musk doesn't need the
by permo-w 3y ago
what's $30bn to someone with $260bn? that's like the average person buying a mac, or maybe a cheap car, except less important because Elon Musk doesn't need the other 7/8 of his wealth to survive on
I sincerely do not think Elon Musk is that stupid. you don't build Tesla, Paypal and SpaceX with the kinds of decisions that have been made at Twitter, and I think it's quite silly to take the basic assumption that no one ever buys a company to deliberately destroy them. why wouldn't that happen?
- janalsncm 3y agoYou do realize he didn’t have hundreds of billions laying around, right? He had to take out loans to raise the cash. He used his best asset (Tesla stock) as collateral as well as promises of future Twitter profits. Having stocks as a part of your valuation means it’s not easy to spend a lot quickly. It would be like if you had $100 but spending $20 means you only have $65 left.
- permo-w 3y agonone of this is relevant. so what he has to take 2 extra steps to access the wealth? it's still there, and it's not like he has to sit down and do it himself