14 ms·
So he just sold himself a company he already owns for a valuation that he himself assigned to that company but that was less than what he paid for it, and he pa
by saaaaaam 2y ago
So he just sold himself a company he already owns for a valuation that he himself assigned to that company but that was less than what he paid for it, and he paid entirely using “money” that has a made up value and which he issues himself?
Wild.
- bayarearefugee 2y agoWelcome to very-late-stage capitalism. And if you can get the right people to believe in the arbitrarily large numbers you invented out of thin air you can get away with just about anything because the wealthy don't have any real consequences.
- lanfeust6 2y ago> very-late-stage The cope is alive and well. "aaaany time now it will all fall apart"
- Hyperboreanal 2y agoCapitalism will fall in 2 more weeks comrade, trust the plan
- mingus88 2y agoYeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world has ever seen. Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him
- LanceJones 2y agoHe only holds ~15% of Tesla. His real money is in SpaceX... 50% ownership there. I wish people would think just a little before parroting the "hit Musk where it hurts" drivel.
- kelnos 2y agoHis 15% of Tesla is heavily borrowed against, and if Tesla's share price drops too far, he's gonna get margin calls. That will both destroy his wealth, and hurt Tesla's stock price even more.
- 0cf8612b2e1e 2y agoMy quick search is showing Tesla is worth some $800B. 15% of that is real money.
- kelnos 2y ago15% of that is paper money, heavily levered against. If he tries to sell even 2% of that in order to turn it into actual real money, the remaining 13% will be worth less, because a sell-off will lower the stock price.
- panick21_ 2y agoOf course, just selling a single stock will lower the price of other stocks. But the dropoff is nowhere close to what you are implying. He has sold lots of stock over the years and somehow Tesla stock price didn't drop that much. I feel like you used 'worth less' to imply 'worthless'. But this is far from the case, 13% would still be a gigantic pile of 'money'.
- sorcerer-mar 2y agoAt the rate he's going, SpaceX is probably on its way to being nationalized within the next few elections. And that would make sense totally aside from punitive response: it is pretty dangerous to have such vital defense infrastructure controlled by such a mercurial personality.
- fallingknife 2y agoYes let's just have a fascist government that can seize private property because they declare it "dangerous." I see no way that could go bad.
- zozbot234 2y agoThat military apparatus is sworn to uphold the Constitution, not support the current president.
- madeofpalk 2y agoThis only matters if people care enough to act appropriately when that is broken.
- krapp 2y agoI guess we'll see what matters when Trump orders the tanks to roll into Canada.
- erkt 2y ago[flagged]
- UltraSane 2y agoWith Trump you can never be sure. His is very very stupid.
- boredatoms 2y agoIm pretty sure Canada isn’t treating it like a joke
- the_gastropod 2y agoYes. For 10 years now, we’ve been hearing how hysterical the predictions about Trump’s actions are. And then he does them. And goal posts are moved, frogs are boiled, whatever analogy you prefer. Dude’s, right now, disappearing people against court orders to forced labor camps in other countries with no due process. He’s talking about taking over Canada and Greenland. What makes you think this is unrealistic? Why do you believe what you believe?
- kelnos 2y ago
- J_Shelby_J 2y agoI’m pretty sure the owner of the monopoly board game company is the richest person ever.
- deleted 2y ago[deleted]
- danpalmer 2y agoI don’t want to downplay your point, I basically agree, but in real terms I believe there have been several people richer than him, and it is hard to judge the relative wealth of people long ago.
- bhouston 2y agoElon was uniquely rich is US history but his wealthy fluctuates wildly: https://finance.yahoo.com/news/rockefeller-rich-elon-musks-wealth-180019563.html https://finance.yahoo.com/news/rockefeller-rich-elon-musks-w...
- ksec 2y agoI don't like this market cap against GDP measurement. The multiples in Market Cap in those era would be significantly lower. If we look at P/E of S&P 500 [1], what used to be peak PE of 20 a century ago are now considered normal. So adjusting for all that Rockefeller would still be richer than Elon. [1] https://www.multpl.com/s-p-500-pe-ratio https://www.multpl.com/s-p-500-pe-ratio
- mandeepj 2y ago> Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him After 2028 elections, all of that umbrella cover will go away. Optimistically speaking it could happen as soon as after Nov of 2026 (midterms).
- nprateem 2y agoIf you don't believe he'll find a way to get a third term like every other dictator, you're living in a fantasy.
- crackrook 2y agoDo you truly believe this will happen? I know these are crazy times but the idea of a then-82 year old man realizing a third term for himself seems a little absurd to me. Or do you mean this in a less literal sense, e.g. in the sense that he'll get a figurative "third term" by handing the reigns over to someone in his club without a fair election?
- nprateem 2y agoNo I mean literally. Or he'll do what putin did and find a puppet to take the reigns for a term. He knows without presidential immunity he risks prison. And he has previous for trying to steal an election. I have no doubt he'll see to it that he never faces the risk of prison, and this is the most obvious way to go. That and he's clearly a power hungry megalomaniac. I think it'd be more informative to ask why he wouldn't try to get this.
- nprateem 2y agoDownvoted but he even admits it: https://www.theguardian.com/us-news/2025/mar/30/trump-third-term-president https://www.theguardian.com/us-news/2025/mar/30/trump-third-...
- zozbot234 2y ago> Optimistically speaking it could happen as soon as after Nov of 2026 (midterms). The midterms could have some meaningful effect a lot sooner than that if we start seeing across-the-board primary challenges of pro-Trump Republicans. Of course, all of this is assuming that the broad Republican constituency have to some extent gone anti-Trump, and I really don't know how much basis there is for that assumption.
- ben_w 2y ago> He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. Just being rich doesn't mean he's got all the power to stop that: https://en.wikipedia.org/wiki/Bernie_Madoff https://en.wikipedia.org/wiki/Bernie_Madoff Him being a Trump associate is a lever, but not a financial one… unless and until they have a falling-out. I'd be surprised if that's any less than 6 months away, or more than 3 years away. > The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world has ever seen. Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him Depends if he dies in office (~10% all causes, he's old etc.), and if the dems regain congress in two years. Trump was already very close to getting one day in jail due to inability to behave himself in the trial where he got all those felony convictions, and he did get impeached twice.
- kelnos 2y ago> unless and until they have a falling-out. I'd be surprised if that's any less than 6 months away, or more than 3 years away. That's the other thing: Trump's tastes and whims are super fickle. Trump and Musk have already clashed on a bunch of things, and there's no reason to believe that won't continue and/or get worse. And Trump's priorities could change, without a corresponding shift in Musk's.
- eightysixfour 2y ago> He’s literally the richest person the earth has ever known This is arguable in real terms.
- brians 2y agoYeah. He’s not even the richest African emmigrant… because Mansa Musa tipped so heavily he broke intercontinental trade dynamics.
- FabHK 2y agoThanks for that factoid, interesting piece of history.
- jijijijij 2y ago> Mansa Musa tipped so heavily he broke intercontinental trade dynamics Thank you for dropping this fun fact. Pretty telling of my "western" education, I have never been taught anything about this guy. Quite memorable years of reign too!
- literalAardvark 2y ago350b USD buys 350kT of gold. I suspect that many zeros were unheard of in pre industrial times, making most hundred billionaires richer than Mansa Musa even in absolute terms.
- eightysixfour 2y ago> 350b USD buys 350kT of gold No it doesn’t - that much gold hasn’t been mined in the history of humanity. Gold is not a good metric for comparing this across history.
- literalAardvark 2y agoThat's the whole point. 350b is an enormous amount of buying power
- croes 2y ago> He’s literally the richest person the earth has ever known. That’s disputable > He literally commands the most powerful military apparatus the world has ever seen. That’s also disputable
- echoangle 2y ago>> He literally commands the most powerful military apparatus the world has ever seen. > That’s also disputable Why? Which military has ever existed that would have a chance against the current US military?
- croes 2y agoTaliban. Conventional armies have a hard stand against partisans. The US in Vietnam and Russia and the US in Afghanistan.
- echoangle 2y agoSo the taliban or the Vietcong were more powerful than the US military? They won because they were defending their own country which gives them higher motivation and an advantage as defenders. If you look at the military itself, the US was always much more powerful.
- croes 2y agoIf you lose nobody cares about how powerful you are. The Russian army is more powerful than Ukraine‘s, still no win. Same with Russia in Afghanistan.
- echoangle 2y agoOk, but they still are more powerful. That’s what the discussion was about. Having a disadvantage and losing doesn’t mean it’s not the most powerful military that ever existed.
- bawolff 2y ago> He’s literally the richest person the earth has ever known. Rich people become poor people all the time. Its hardly unheard of.
- lz400 2y agoIMHO the US is turning into an oligarchy / autocracy like Russia. Musk is one of the oligarchs. We all know what happens to oligarchs when they get too close to eclipse the top dog and go near a window.
- Alupis 2y ago[flagged]
- ActorNightly 2y agoI hope your realize that nobody is buying "dems are just as bad" stuff anymore.
- achierius 2y agoI hope you realize no-one is buying "but our billionaires are the good ones!" anymore. Elon was blue until like five years ago. Remember when Bezos was too?
- ActorNightly 2y agoThe difference is, rational liberal people who vote Democrat (and don't confuse liberals with leftists) understand that bad actors in a system that is generally resulting in positive US economic growth due to investment in people doesn't mean that we have to tear everything down. Historical data is all there, its undeniable, and not just in the stock market. The whole reason Democrats are seen as weak is that there are plenty of criticisms of Democrats by other Democrats. Which is a sign of a well functioning party since it keeps is self in check. Of course the clueless idiots in US see this as weakness, but thats just how it is. Meanwhile Republicans fall unilaterally behind their daddies Trump and Musk, which is why people like you switch up the subject about billionaires instead of pointing out that a guy who does Nazi salutes is in charge of government spending cuts, and managed to accidentally leak national secrets, the same thing that was a major campaign issue when Trump was running against Hillary. Just to be ultra clear in case you wanna reply with some random talking point about Democrats being bad - there is absolutely nothing that you can say at this point that will ever make the democrats look as bad as Trump or Musk, which is impressive since its only been like 2 months. If you find yourself talking to people that are agreeing with you, just know that you are in an echo chamber, which is something that your side was making fun of people being in.
- nmisty920 2y agoI have no opinion about Musk or Trump. I just want to give counter-examples to your claims: Saddam Hussain, Mussoloni, Ceausescu. At the peak of their power, they all seemed untouchable. Would they even have thought, when they were ruling their countries, that one day their fortunes would turn? Quoting Gandhi: "There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Always."
- kelnos 2y agoI think if we look around the world we can find plenty of counterexamples to Ganhi's quote. Sure, they always "fall" in the sense that they're not immortal and they'll eventually die, but it's often (usually?) the case that a family member or some sort of protege steps up to fill their shoes.
- muragekibicho 2y agoThe first counteraxample that comes to mid is Idi Amin, the Ugandan dictator. He murdered, pillaged and lived out the rest of his years (happily and luxuriously) in Saudi Arabia. He lived "in a villa rented for him by the government of Saudi Arabia in the posh Al Hamra district". https://www.dawn.com/news/135283/idi-amin-led-quiet-life-in-s-arabia https://www.dawn.com/news/135283/idi-amin-led-quiet-life-in-...
- bmitc 2y agoIs he really rich? He started a car company, one that is known to make shit cars. All of their big bets failed. So what was supposed to be "not just a car comoany", which is what all the insane valuations were based on, is now "just a car comoany" and a shit one at that. So why is this car comoany still valuated at such insane hype levels? Is his wealth not entirely tied to the hyper-valuation of this car company?
- dreamcompiler 2y agoExcept for the Cybertruck the cars are pretty good. The overvaluation is because Musk wants everybody to think Tesla is an AI company that makes self-driving cars, which by now everybody realizes is bullshit. Tesla makes pretty nice cars if you're willing to drive them yourself and you only occasionally use autopilot as a kind of smarter cruise control. Never use FSD unless you're willing to pay through the nose for a system that only works in select locations and otherwise tries to kill you every few minutes.
- rogerrogerr 2y agoJust to populate the counterargument: my personal experience with FSD is that it works in all locations I’ve tried it and does not try to kill you every few minutes. Maybe every few months. Cue HN commentary about how that’s worse, but I’m only commenting here because this comment directly contradicts my lived experience.
- kelnos 2y ago> He started a car company, one that is known to make shit cars. No he didn't. He was an early investor in a car company, eight month after it was founded, and later history-revised his way into a founder title. Not that this should be surprising, considering the childish ego on that man.
- bmitc 2y agoYou're right. This is always something I've pointed out myself. Just got sloppy with language here.
- hermitcrab 2y ago>He’s literally the richest person the earth has ever known. Putin might well be richer. Also it is hard to compare his wealth to historical figures, such as Mansa Musa. https://en.wikipedia.org/wiki/Mansa_Musa https://en.wikipedia.org/wiki/Mansa_Musa
- MoonGhost 2y agoWe know how it ended for Rasputin.
- piyuv 2y agoSouth Korean president is jailed for trying to coup, no? So there’s precedent.
- Ray20 2y agoI mean this is exactly the reason why they won't want to put Trump in jail - so that it doesn't turn out like in Korea. After all, where you can put one president in jail, you can put a next one in jail too.
- piyuv 2y agoI mean, yes? Where you can put one president in jail (for trying to demolish democracy and establish oligarchy/autocracy), you can put a next one in jail too (if they try to do the same) This is called upholding the constitution and it’s fundamental for a democracy. If you say president is immune, you get current US.
- Ray20 2y ago>If you say president is immune, you get current US And even most leftist woke socialist president between probability of a prison for himself and the current US will choose current US.
- imtringued 2y agoThis word soup means nothing.
- 1cool 2y agoHe’s been released.
- arp242 2y agoPast presidents don't hold command over any military. France sent a former president to jail just a few months ago. Brazil and South Korea are in the process of putting a former president on trial. El Chapo was billionaire and had a private army of murderers – he's currently in prison. The main reason Trump hasn't been impeached and (possibly) jailed is because the political system in the US is dysfunctional. Party because it's not a great system to start with, and partly because a critical section of people made the decision to intentionally break it for selfish gain. But there is nothing that says it needs to be like this.
- pqtyw 2y ago> He’s never going to suffer financially Well his wealth can decrease by 200x and no sane person could claim that he's "suffering" financially with what he has left. > somehow go bankrupt .. were also wild That depended entirely on how Tesla's stock performed. If he had to liquidate $20 billion of his stocks to pay back the Twitter loans his wealth would have decreased by much, much more than that.
- enslavedrobot 2y agoThe value of Twitter was set when the bonds used to finance the purchase were sold recently for 97cents on the dollar.
- llm_nerd 2y agoMusk threw in xAI ownership to sell those bonds, which themselves have an 11% rate. Musk basically backstopped the bonds by giving a heads up of this. No, that was absolute fantasy numbers, and in no universe did it verify any value of Twitter. Musk really, really knows how to play people. He deserves that credit. And I mean, bond discounts or not have nothing to do with the value of a company. The discount on a bond is based upon the likelihood they'll ever be paid off, and after it was clear that Musk would save the failure of X by using one of his other companies and AI hype to do so (as others have said, just like SolarCity), the bond lost its discount. X's value could be $1, but if the bonds are going to be repaid they'll sell at no discount.
- FabHK 2y ago? When debt is worth near par that only means that equity is very likely positive (not null). Doesn't tell you anything about how positive.
- rco8786 2y agoAnd then will leverage against that valuation for loans, acquisitions, etc. Self dealing. Nobody cares anymore.
- miohtama 2y agoGood luck trying to get a bank to underwrite that loan, smells a bit risky.
- CamperBob2 2y ago"Nice bank you've got there. Would be a shame if ________" (Insert any number of orders that Musk can have his friends in the executive branch issue to make life miserable for the bank principals.) It's good to be the king. Even better to own him.
- XorNot 2y agoCase in point: https://apnews.com/article/trump-law-firm-mueller-fc64fcda098b52756294c3d6a3b3d998 https://apnews.com/article/trump-law-firm-mueller-fc64fcda09... > A prominent international law firm reached a deal with President Donald Trump on Friday to dedicate at least $100 million in free legal services and to review its hiring practices, averting a punishing executive order like the ones directed at nearly a half-dozen other major legal institutions in recent weeks. This isn't theoretical. It's happening.
- netsharc 2y agoWow, I thought the sum was $40 million, but that's what the other law firm paid that showed a lack of principles and caved... And another law firm is being blackmailed because it used to employ someone who worked for Robert Mueller (of the Trump-Russia collusion investigation)... Geez Trump's team is actually busy, but busy settling old scores.
- alabastervlog 2y ago
- Henchman21 2y agoIts almost like modern life is riddled with lies, liars, and their collective bullshit. I don’t think this is a change in the human condition; we’re extremely greedy hairless apes. But guys like Elon really show how low we can go.
- knicholes 2y agoI argue that he's literally showing us how high we can go with SpaceX.
- Henchman21 2y agoWith SpaceX? Or Ketamine??
- ilikehurdles 2y agoI think you’re showing us how low someone can go alright.
- Henchman21 2y agoI'm sorry, but calling out someone visible and public substance abuse problem isn't low. As someone who has dealt with addiction and its fallout since I was a very small child, I can emphatically say the man needs help first and foremost. But, as the wealthiest man on the planet he's more likely to just be given what he wants: more self-indulgence. When you surround yourself with yes-men and sycophants, actual help isn't likely. Further, it's entirely right to call this out when his actions impact the rest of the world greatly and the man has obvious problems. To then try and turn it around on me as if I'd done something wrong by pointing out the Emperor has no clothes? Well, I could offer you some choice words, but I'll hold my tongue. However, in my estimation, you could do with some self-reflection and probably a bit less "taste of boot on your tongue".
- calmworm 2y agoIn what way though? I’ve yet to see anything that rivals any accomplishments by NASA. Or were you being punny?
- ilrwbwrkhv 2y agoWhat an absolute scammer lol.
- minwcnt5 2y agoThis also lets all of his co-investors in X, who were likely pissed that their shares tanked, exchange their shares at an inflated value (but one that still sees them losing 25% of their original investment) for shares in a trendy yet likely overvalued AI company that they consider to have more upside. The other part of this is that if TSLA stock drops to $100-ish he'll be at risk of being margin called on the loans he took against his holdings to buy X. I wouldn't be surprised if this deal involves some X shares being sold for cash (that was raised from VCs) to pay down those loans, and/or the lenders agreeing to take xAI stock in lieu of cash. This whole thing seems like a big pyramid scheme. I don't think this is the last time we've seen this type of move: he'll keep starting companies that are at the forefront of whatever the current hype cycle is, then leverage the extremely inflated valuations to benefit himself.
- intuitionist 2y agoThe outside investors in X made a profit on paper; Twitter was bought for $44B but the deal was financed with like $31B in equity and $13B in debt. It’s not a big profit (in fact it’s worse than you would have done in T-bills), and of course they’re swapping one illiquid and hard-to-value asset for another, but Elon isn’t giving them a 25% haircut at all.
- ysofunny 2y agogo go gadget FIAT dollars
- imgabe 2y agoBut all the armchair business experts assured me that the value of Twitter had completely tanked since Elon bought it because he’s such a stupid fool who ruins everything, so shouldn’t it be worth less? Just a few months ago everyone was confident it was only worth $8 billion. He valued it at the same price minus debt.
- Alive-in-2025 2y agoHe bought it with stock from another company that has no clear value and is a meaningless hype monster. What is xai going to do that 10 other AI companies aren't going to build, anthropic, openai, etc.
- kulahan 2y agoTheoretically the synergy with Twitter could be fantastic in terms of potential value added, if I’m trying to be down to earth. The others have no real foothold in the real world beyond their own services, and users may flock away as AI integrated into their favorite apps etc. become good enough.
- deleted 2y ago[deleted]
- codethief 2y agoWhat synergy exactly? Selling Twitter bots?
- kulahan 2y agoYou can’t think of a single synergistic thing? Seriously? Automating some administrative tasks? Gauging sentiment across swathes of the population on a given topic? Providing stuff like the “reader context” but attempt to pre-empt it so better info is shared to begin with? And yeah, probably lots of Twitter bots for different things. Provide automated customer support for companies on there, or help people find products relevant to what they’re discussing/browsing etc. There are literally a million options; I find it hard to believe you couldn’t think of one
- tiffanyh 2y agoSmall correction. When xAI was founded, the X investors got 25% of xAI. So he didn’t sell for less than he paid for it. https://www.hindustantimes.com/business/investors-who-backed-elon-musks-twitter-buy-awarded-25-of-xai-shares-101732783659536-amp.html https://www.hindustantimes.com/business/investors-who-backed...
- NotYourLawyer 2y ago> valuation that he himself assigned to that company but that was less than what he paid for it It’s more than he paid. There’s 12 billion of debt you’re not accounting for.
- vkou 2y ago> Wild It's not wild, it's - if there is malfeasance - unprosecutable.
- nout 2y agoAll money is made up. The banks literally "lend" money into existence without having it backed by anything, the banks don't need to have the money in the first place, the bank reserve requirement has been dropped to 0% in 2020.
- longdustytrail 2y agoIt’s true that all money is made up, but not in the same sense OP means. Like I could give you 20 dollars and it’s made up in a sense, it’s just a piece of paper, but also you can go to the store and buy things with it. Whereas if you’re an investor in a company and the CEO does some self dealing which nominally values your shares at 20 million, you can’t go spend that. It’s even more made up
- janejeon 2y agoOr, an (over)simplified way to put it: "All money is made up, but some are more made up than others."
- yfontana 2y agoThis is inaccurate. Reserve requirements are not the only cost that banks have to pay for the money they create. If bank A lends $20B, and the borrower spends it to buy something from someone with an account at bank B, bank B isn't going to accept $20B of "made-up" bank A money, it'll want $20B of central bank money from bank A. If bank A doesn't have that that $20B of central bank money, it'll have to borrow it from the central bank, at the cost of the reserve interest rate. Being able to transfer central bank money to bank B is essentially what backs the money that bank A created. (in reality some of that $20B would probably make it back to bank A as money circulates, so the actual amount of reserve money that banks have to borrow depends on more complicated factors. This also doesn't talk about what happens if the borrower defaults. But the fundamental principle remains the same, and is what ultimately limits how much money a bank can lend).
- cyanydeez 2y agoWelcome to the real world of finance. Hollywood accounting is taking over the globe, and they need to control the government to do so.
- getnormality 2y agoI just borrowed a hundred trillion dollars from myself, then paid it back instantly. This means the majority of 2025 US GDP is now my financial activity, right? Seems newsworthy.
- rogerrogerr 2y agoTrivia: Simple interest on $100T borrowed at 6% for 10 seconds is $1,900,000.
- laserbeam 2y agoMusky, tell me 5 things you did today at school. Well, I invented a new name, sold it to myself and now people say I’m worth more money. Anything productive, Musky? No. Nothing else. You're fired Musky!
- penguin_booze 2y agoI think it's the same move Adam Newman invented. Great minds think alike, I guess.
- baxtr 2y agoBuying your own assets is a well-known get-even-richer scheme of the rich.
- DeathArrow 2y ago> So he just sold himself a company he already owns for a valuation that he himself assigned to that company but that was less than what he paid for it, and he paid entirely using “money” that has a made up value and which he issues himself? And that is for sure either illegal or immoral. /s
- retinaros 2y agoyou might want to check who owns majority of FAANG stocks. once you identified those, check how much they own of each others. Musk is just doing what everyone else does
- JakeAl 2y agoI'll do you one better. The Market Makers are Vanguard, Blackrock and State Street which are majority shareholders of 80% of the SP500. They control the price using swarms of HFT bots, most likely running Blackrock's Aladdin algo which they license. The largest shareholder of Blackrock, is Vanguard.
- dguest 2y agoNewspeak phrase of the day: Conglomerate Discount. Some inverters believe they suffer from "conglomerate discount" [1]: that their whole conglomerate can be worth less than the sum of its parts. Who decides what the parts are worth? The investors, of course. Buying shares of their own company is a pretty standard way to fix the "discount". [1]: https://en.wikipedia.org/wiki/Conglomerate_discount https://en.wikipedia.org/wiki/Conglomerate_discount
- igetspam 2y agoIt’s actually more, right? Because it’s $33b+$12b of debt, which means he’s saying it’s worth $45b.