• atzanteol@sh.itjust.works
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      Thing is, he’s not. He can, and has, lose more money than I’ll ever see and not have any change in lifestyle.

      It simply doesn’t effect him. All of his companies could collapse completely tomorrow and he probably wouldn’t even notice (financially speaking).

      • MiDaBa@lemmy.ml
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        He may not notice the financial loss but at the amount of money he’s trying to amass money isn’t the point. Power and control are the point. If his companies go under he’ll loose a lot of power and influence and I’m not sure his ego could handle that. He seems to crave attention of any kind. I’d be happy if he were reduced to a regular very rich guy with nothing of consequence to say anymore.

        • [email protected]@sh.itjust.works
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          What is his most profitable asset? Tesla stock? Spacex stock? So long as his total assets are worth $4 billion or more, there’s no change. Anything below that and he’ll lose influence due to financial strain. I’m looking forward to it!

              • chingadera@lemmy.world
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                Is there some finance math behind that or something? Sounds like it’s a pretty concrete figure when you say it like that, but I’m not financially literate enough to understand

                • [email protected]@sh.itjust.works
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                  300M to buy a presidency once every four years, leaving him 3.7B to recoup his costs at 8%/year to stay ahead of inflation. If that wouldn’t work out, swap to purchasing the ears of 20% of all US senators.

                  Though I didn’t realize that senate races average 90M now, so my figures were out of date. I was just winging it with mental math, nothing authoritative.

        • atzanteol@sh.itjust.works
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          If his companies go under he’ll loose a lot of power and influence and I’m not sure his ego could handle that.

          He’s currently an advisor the the United States President and has been given full authority to do “whatever he wants” to all executive branch offices.

      • Clent@lemmy.dbzer0.com
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        Musk is one of the few billionaire who made his money via meme stock. He is proving to be pretty stupid so it wouldn’t surprise me if he lose it all.

        Best to think of him as a lottery winner not some capitalists genius. Plenty of examples of them going broke.

    • reiterationstation@lemm.ee
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      It’s America getting fucked, not him.

      Keep in mind he might be working for them doing this on purpose to us.

      We just know he doesn’t care about America.

    • cheers_queers@lemm.ee
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      this is what happens when you run a government the way you’re used to running the monopoly you own. “hardball” doesn’t work on the global stage.

    • JasonDJ@lemmy.zip
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      More like Art of Seduction. Dude is going around being megadouche, negging people and trying to make up for it with cheesy magic tricks.

    • And009
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      It’s a badly translated Art of War

  • arc@lemm.ee
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    That must count as the most financially ruinous tweet ever. Serves Elon right for being a total prick.

    • TehWorld@lemmy.world
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      Wasn’t president Musk’s announcement that he was going to BUY twitter a tweet? Seeing as it’s worth fuck-all now that’s in the running.

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          To be fair, buying Twitter was instrumental in him getting Trump to the presidency.

          Like any Billionaire, he needed a media outlet to manufacture consent with - I’d argue that him buying Twitter wasn’t as stupid a move as it initially seems.

          • JuxtaposedJaguar@lemmy.ml
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            I think he used Twitter to help Trump as a way of salvaging that investment, but I don’t think he originally bought it with that intention.

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          Buying the company was the decision to take over the communications channel by dictators worldwide. It wasn’t an accident and he doesn’t care about the value of shitter in the long term.

      • Owl@lemm.ee
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        tbf the tweet itsself didnt cause the downfall though.

    • smeenz@lemmy.nz
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      We would needs much bigger fist for elon to notice. This is like any normal person losing $0.10

      • Kbobabob@lemmy.world
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        The 30 billion in losses here are almost 10% of his net worth. That’s a bit more than 0.10 dollars to most people.

  • ricketyrackets@lemmy.ml
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    Musk will most likely blame it on South African apartheid and him being discriminated against.

    Keep it up world. Bankrupt Musk. Let’s make the world’s richest man, the poorest. Rob him of absolutely everything.

    • shawn1122@lemm.ee
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      Were white South Africans negatively impacted by the apartheid system or does he enjoy reframing his privilege as oppression like a whiny little bitch?

      Just from the way the man speaks you can tell there’s so much self doubt as his conscience cries out to admit the fraud that he is.

  • conditional_soup@lemm.ee
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    I don’t have a business degree, so can someone help me understand if this is how you win at stonks?

    • badelf@lemmy.dbzer0.com
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      Slim might be one of the coolest rich guys around. He put up a museum in Mexico city and it’s free. For everyone, all the time.

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        Billionaires used to do that kind of thing all the time when they knew they could either walk the street a hero or a target. Mexican billionaires still live in reality it seems.

          • lordbritishbusiness@lemmy.world
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            Usually it’s wise to placate the people you screw. One of my favourite sayings is, “Friends come and go, enemies accumulate.” You don’t want too many, especially those who have little to lose.

            Building good will after the fact is very wise, even if it only buys a grudging acceptance. The prestige is also a major bonus in smoothing over business dealings.

            Getting a bad rep leads to cautious or worse terms in deals, if not being outright bypassed in favour of a competitor.

    • BilboBargains@lemmy.world
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      I would hesitate before judging someone purely on one statistic but it’s difficult to imagine how one amasses that sort of money ethically. If I asked you to think of a billionaire that you would leave in charge of children, who would you pick? Bill Gates perhaps, Warren Buffet? It’s slim pickings.

      Jon Ronson advanced the idea that psychopathy is over-represented in the CEO class and presented some compelling examples in his book, The Psychopath Test.

      • Psychadelligoat@lemmy.dbzer0.com
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        If I asked you to think of a billionaire that you would leave in charge of children, who would you pick? Bill Gates perhaps

        Bill flew on the Lolita Express repeatedly, so I hope nobody chooses that one

      • e$tGyr#J2pqM8v@feddit.nl
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        it’s difficult to imagine how one amasses that sort of money ethically

        It simply can’t be done. How can it be ethical to earn millions times more than you could ever need, while others are in need of it. That’s unethical regardless of if how it was earned. Not a big Jesus fan, but he’s quite right about the need to share with those in need.

  • AlecSadler@sh.itjust.works
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    Good. Unfortunately, it just means Elon will be enraged to decimate America further.

    Really hoping for a Player 2. I’d do it myself but I’m a terrible shot.

      • AlecSadler@sh.itjust.works
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        Haha. I went to the range the other day thinking, “It can’t be that hard to somewhat hit the targets, right??”

        It was awful. I could never hit the same spot twice with a pistol. Even with a rifle and slowly aiming I still couldn’t. I need more practice I guess.

        Suffice it to say, buying a pistol from home defense was stupid, I won’t even be able to hit anything. I should’ve gotten a shotgun.

        • Master@lemm.ee
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          Just put a laser pointer on the pistol then you dont need to aim anymore.