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He should give a try (sh.itjust.works)
submitted 5 days ago by alphacyberranger@sh.itjust.works to c/linkedinlunatics@sh.itjust.works
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[-] CliveRosfield@lemmy.world 18 points 4 days ago

I don’t think it was a bad purchase after he succeeded in electing Trump.

[-] Bongles@lemm.ee 8 points 4 days ago

Nope. His major companies rely on government funding and regulation, and now he's going to be whatever it was called for Trump. A cool 44 billion to actually control parts of government?

[-] sugar_in_your_tea@sh.itjust.works 6 points 4 days ago

Sort of, but they also benefit from tariffs and lower regulation:

  • Tesla - don't have to cut prices if your competitors have to raise theirs; also, less regulation on cars means he can get to market faster
  • SpaceX - oversight on rocket launches costs money
  • xAI - slashing regulations on AI helps this new company
  • Neuralink - again, regulations are a major limitation here

He is also big into cryptocurrencies, so he stands to gain there as well.

All in all, there's a good chance he makes his $44B back by having Trump's ear and being able to encourage certain changes over others.

[-] CliveRosfield@lemmy.world 5 points 4 days ago* (last edited 4 days ago)

They’re indirectly in his pocket. And in my view paying 44 billion to control parts of a government in the most powerful country in existence is nothing to scoff at.

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this post was submitted on 11 Nov 2024
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