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Look at the sheer scale and number of massive, malicious mistakes that one of our billionaires makes, while having ZERO impact on their tangible quality of life or lifestyle. None. Their ego score goes down and nothing else changes. The people they laid off suffer, never them.
Remember that when some pro-market capitalism class traitor nitwit inevitably tries to shame struggling people for daring to get a latte, eat Avacado toast, or get an education based on learning and growing as a person rather than solely insatiable greed.
People in the little club basically have to rape dozens of people to finally be permitted to fail, like Harvey Weinstein.
You aren’t poor because of “your bad decisions,” you’re poor because of a relatively small, insatiably greedy, powerful group of people that demand and expect almost all of the capital value your effort produces to go directly to them.
Wasn’t the Twitter buyout for a significant portion of his wealth that he like, claimed he didn’t even have?
All those people say things like “well they’re risking their wealth!” he seems to be a pretty good example of someone who “risked a lot of their wealth”, objectively fucked up and should have lost at least most of it, and has come out essentially unscathed.
If you can collosally fuck up a whole company, and your wealth doesn’t even move, what are you even risking? At all?
Another part of being a billionaire is saying you have it when it’s prudent, and saying you don’t when it’s not.
He sold a few shares to get the money, besides also taking up loans and gifts from others in his billionaire club.
The only reason it’s still alive is because we’ve got an election in 10 months
These numbers are relatively easy to explain. Elon Musk is a fucking idiot.
I’m waiting for him to get kicked out of Tesla if they still have a board, haha. His acts of removing things like Disney + and such do to political arguments is a direct impact on purchases. I don’t think streaming in the front seats should be, but investors should easily know that limiting buyers will devalue the company over time.
And ZA is waiting for Elon Musk’s return. EFF and ANC Youths gonna pelt him with protests.
28% to go!
Pretty sure a genius like Musk can make that happen! Look how well he’s done so far, and in only 1 year.
As others have said this purchase didn’t really fuck up his overall lifestyle.
Yet when the topic of raising taxes on these people comes up they all freak out, like if they have to pay an extra 20% on their wealth they will be living on the streets.
He is set for life no matter what.
There is only one way to hurt him- to humiliate him. To hit his ego. Booing him at the Chapelle show, for instance.
All we can do is keep doing that sort of thing until Real Life Iron Man becomes Real Life Terrence Howard as War Machine and gets replaced with some other asshole billionaire that sycophants will worship instead who hopefully will be mildly less insufferable.
I can think of other ways to hurt billionaires
I’m all for eating the rich but this fucker looks rancid.
We’d only need to eat one or two. Do it publicly, for the whole world to see. The rest would get the message and straighten right out.
Not ones which don’t involve mobs with torches and pitchforks and they have well-paid, well-trained, well-armed security teams to deal with them.
The US has an addiction with simping for billionaires. In the rest of the world, only politicians oppose it ('cuz “lobbying”). Not the general public.
72% so far
If trump wins the election he will funnel taxpayer dollars to Elon through his other companies like space x or Tesla for a reward for destroying twitter
Do you think trump would funnel more than the 2.5 billion+ in government funding 6hat has already been handed to Tesla?
If it benefits him yes
Fair, but I’m not convinced dump has any idea what benefits him anymore except cheeseburgers and not being in jail. Same for em to be honest.
Living rent free.
Yeah, people who think about the consequences of a potential Trump presidency that has a decent chance of happening less than a year from now are just suffering from TDS, am I right?
Buying a multi-billion dollar brand and then rebranding it has got to be in the top 10 all time most smoothbrained business decisions ever, right up there with New Coke and Blockbuster not buying Netflix.
He probably could have started his own social media site to compete with Twitter for 1/1000th of the cost and still have all the Elon poleriders hop on board. It would still be exactly as shitty as X is today, but it could have been done without destroying something somebody else built up. Not that I care, because fuck Twitter too, but if we’re looking at this from a purely strategic perspective it’s so blindingly obvious this was a bad business move.
Every Business School 101 class will use this as a case study
The caption of his meme standing with a sink in the building after purchase said “let that sink in” but it should have said “I’m going to sink this company”
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Who knew fascism wouldn’t be the rage?
If the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?
Can these measurements be used as losses to offset taxes?
LMAO
Maybe it’s time for another rebrand…. ‘Ex’ formerly X formerly Twitter.
Should’ve taken the L and paid the fine instead of buying it outright.
Getting tired of this Special Man thing these jerkwads keep pushing. Elon went away tomorrow and the the next dude will slot right in.
Could that have ever been the intent?
I refuse to believe it was intentional, as that means Elon is smart. As opposed to the more likely, Hanlon’s.razor, explanation is that simply, Elon is a fucking idiot.
The fact he was forced to complete the buy tells me it wasn’t some conspiracy. It’s just really hard to believe he would burn billions with his stupidity.
