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[-] Kraven_the_Hunter@lemmy.dbzer0.com 395 points 2 years ago

Cheer up Elon - it wasn't worth $44B when you bought it, so it's lost significantly less value than you think!

[-] fubo@lemmy.world 60 points 2 years ago

The point of acquiring Twitter wasn't to make money; it was to take away something that woke lefty journalists like and give it to fascists.

[-] grte@lemmy.ca 104 points 2 years ago

Have you considered that Elon Musk is a dumbass rather than a super genius?

The guy didn't plan on buying twitter. He was made to after he tried gaming the system and fucked it up.

[-] gregorum@lemm.ee 26 points 2 years ago
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[-] Clown_Tempura@lemmy.world 220 points 2 years ago

It astounds and amazes me that there was a time Elon could have feasibly been considered a smart, level-headed entrepreneur. The whole submarine thing with the trapped kids really was the beginning of his unraveling. I for one thank Elon Musk for proving once and for all to even the most shameless corpo-apologists that having a ton of money doesn't magically make you smart or cool. The dude's an idiot, and I love watching him self-destruct.

When he called the submarine expert a pedo was when I started to go, "Is this guy being for real?"

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[-] collegefurtrader@discuss.tchncs.de 167 points 2 years ago* (last edited 2 years ago)

He overpaid for a piece of shit and ran it into the ground.

Everyone with a used BMW knows the feeling.

[-] hypnotoad__@lemmy.world 55 points 2 years ago

Please stop attacking my character based on terrible purchase decisions

What a beautiful car

Until I owned it

[-] Nerdulous@lemm.ee 25 points 2 years ago

I'll never forget my Sweet 3 series... Because I'm still paying for it's repairs years later.

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[-] Iwasondigg@lemmy.one 132 points 2 years ago

South African Magician Makes $40B Disappear!

[-] just_change_it@lemmy.world 24 points 2 years ago

Nah, he just donated 40B to the former ownership. Keeping the big bucks in the hands of the ultra wealthy.

[-] Someguy89@lemmy.world 97 points 2 years ago

Can this man baby just go away? No one cares dude. Enjoy your overpriced echo chamber.

[-] dojan@lemmy.world 30 points 2 years ago

Him buying twitter was just some sort of narcissistic flex on his daughter.

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[-] spittingimage@lemmy.world 95 points 2 years ago

When no-one was looking, Elon Musk lost forty billion. He lost 40 billion. That's as many as four tens billions. And that's terrible.

[-] MelodiousFunk@kbin.social 31 points 2 years ago

I never would have guessed that Musk is a billion times worse than Lex Luthor, but the math is right there. Terrible.

[-] TheGreatFox@lemm.ee 28 points 2 years ago

It's an older meme, but it checks out.

Source (spoiler'd because image)

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[-] MaxHardwood@lemmy.ca 81 points 2 years ago

I could be remembering wrong but Twitter was only worth $15B at best, and Elon bought it for $44B because he's that smart.

[-] elbarto777@lemmy.world 38 points 2 years ago

I genuinely think he's just a pawn in a bigger game in which some powers wanted twitter gone.

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[-] bluestribute@lemmy.world 72 points 2 years ago

Didn't Elon have the opportunity to end world hunger for 8 billion dollars a couple years ago?

[-] GenderNeutralBro@lemmy.sdf.org 75 points 2 years ago* (last edited 2 years ago)

Almost. He said that if anyone could present a plan on how to end world hunger for $6B, he'd sell Tesla stock to pay for it.

The U.N. publicly presented a plan on how they'd use that $6B, but it fell way short of that goal. Which isn't surprising, since they never claimed they could solve world hunger permanently for $6B. Musk's challenge was rhetorical because the bar was impossibly high. He was really just trying to make the point that he does not have the money to truly end world hunger.

The U.N.'s plan for that $6B would "feed 42 million people for one year, and avert the risk of famine". That's nothing to sneeze at, obviously, but it's not a permanent solution.

Friendly reminder, for context, that the U.S. military budget is $842B. For one year.

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[-] Tilgare@lemmy.world 59 points 2 years ago

For that to be true, it would have needed to be worth $44B in the first place, which it absolutely was not. But there is no doubt that his mismanagement has tanked the value of the investment. He's a narcissist so never see it that way, but the whole rest of the world knows that.

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[-] Cabrio@lemmy.world 55 points 2 years ago
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[-] CharlesDarwin@lemmy.world 54 points 2 years ago

Imagine having so much wealth that he can walk away from his utter failure at Xitter and remain completely unaffected. For him, this is like some side-hustle vanity project a bored trophy wife runs.

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[-] cabron_offsets@lemmy.world 48 points 2 years ago

Can this fuck buy russia and fox “news”?

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[-] darq@kbin.social 46 points 2 years ago

When you have a net worth measured in the billions of dollars, it's genuinely impressive to be able to lose money. With that kind of sum behind your name, you could just do nothing and out-earn most people on the planet with just interest alone. To actually be able to lose money? Now that takes work!

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[-] dbilitated@aussie.zone 45 points 2 years ago

let that sink in.

[-] scarabic@lemmy.world 36 points 2 years ago

No tears shed here. The people who built Twitter got a nice payout when they absolutely robbed Elon Musk in that deal. Anyone who chose to stay on the Elon train after his first weeks at the helm gets no sympathy from me.

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[-] Saneless@lemmy.world 34 points 2 years ago

I wouldn't normally trust his math but he might have gotten this one right

[-] fidodo@lemm.ee 33 points 2 years ago

And he's blaming the anti defamation league...

[-] Astroturfed@lemmy.world 37 points 2 years ago

Nothing says definitely not a racist Nazi like blaming the Jews for your failings. Nazis would never blame the Jews for everything.

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[-] AdolfSchmitler@lemmy.world 33 points 2 years ago

I really hope the original owners re-buy Twitter for a fraction of what they sold it for lol

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[-] Coreidan@lemmy.world 33 points 2 years ago

Listen all y’all it’s a SABOTAGE

[-] CileTheSane@lemmy.ca 29 points 2 years ago

That might be giving Musk too much credit. Never attribute to malice what can be explained by incompetence.

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[-] Gradually_Adjusting@lemmy.world 32 points 2 years ago* (last edited 2 years ago)

This is the 4-D chess at play actually - now that it's been delisted, there can't be any securities class action against him. taps forehead

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[-] dangblingus@lemmy.world 32 points 2 years ago

He's just that good at business. Truly an unstoppable force in the world of commerce. Capitalism really is the best system. No problems.

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[-] ganksy@lemmy.world 27 points 2 years ago

I'm sure Putin and the Saudis comped him accordingly

[-] c0mbatbag3l@lemmy.world 23 points 2 years ago

This serves him somehow, not sure how but he's used social media and PR to make money through market manipulation before.

I doubt his mental math is accurate on the value loss anyways.

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this post was submitted on 07 Sep 2023
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