• @[email protected]
    link
    fedilink
    English
    66
    edit-2
    1 year ago

    Man, learn something about someone before you go worshipping them.

    X was bought by paypal, but was far from “integral.” It was just its largest competitor for Confinidy at the time because Musk was washing it in money he made from a previous venture.Paypal was the more popular money transfer software, and it’s the platform the new company formed around, even taking its name.

    Musk was a actually briefly the CEO of PayPal, but his decisions were so poor that he was forced out.. He still retained enough shares of paypal to hit it big time, which is when he poured all that money into a long shot bet called Tesla, which he used goverment funds and seed capitol from his rich friends to keep alive until it turned an actual profit a decade later. With SpaceX, he leaned into fanboys like you calling him Tony stark, and managed to hire Gwynne Shotwell, a goddamn aeronautics powerhouse, as CEO the same year it was founded. She has brought SpaceX to success, by all accounts in spite of him. Its rumored that SpaceX keeps people around just to sideline Musk. That how disruptive he is to actual work. SpaceX was also utterly dependent on goverment subsides for most its existence, just like Tesla.

    Dude grew up with emerald mine money, then just kept taking outlandish risks because he had an emerald mine to keep his ass housed and fed, and yeah, eventually hit it big, with a big heaping of help from our tax dollars and mega rich pals. Big surprise.

    Turns out that if you have a wealthy life secured, you too can gamble big and make even more money. Thats how capitalism is designed to work. Capital makes more capital.

    The fact that you’re suckered in by the worlds luckiest gambler playing a game that had no actual stakes for him is sad as fuck man. Be proud of someone who overcame actual adversity. Go find a hero that wants to help people, not to rule them.

    • @[email protected]
      link
      fedilink
      English
      101 year ago

      Don’t forget blatant market manipulation. Pump&dumps on Bitcoin, doge coin, TWTR, and TSLA…

          • @[email protected]
            link
            fedilink
            English
            21 year ago

            Honestly it sounds to me like there’s an effort to keep his father’s involvement in emeralds a secret.

        • @[email protected]
          link
          fedilink
          English
          11 year ago

          here it is. The whole thing seems rather murky and somewhat shady too. The most specific statement on it is this:

          Arnold’s story included answers from Errol about the mine, who said he had “very limited involvement” in it. Arnold paraphrased his answers, publishing that he said “it was a handshake deal with a Panamanian man that resulted in something like 110 emeralds up front and then a semi-regular trickle of rough stones over a few years following,” and that “there was never formal ownership.”

          The wealth earned from the investment in the mine was quantified to be about $400,000 USD, taking into account inflation when Arnold’s piece was written in 2021, according to Errol. “Errol also quoted a lower number to me over the phone,” Arnold wrote. “He also claims he was getting emeralds from other sources, with only 60-70% coming from this venture.”

          So maybe not a whole emerald mine, but like an unofficial small stake in an emerald mine? Still, 400k ain’t bad at all for a handshake deal.