this post was submitted on 09 Jul 2025
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[–] barnaclebutt@lemmy.world 38 points 2 days ago (2 children)

Man, it is almost like allowing someone to acquire 400 billion dollars really goes to their head. Just think of how much worse he would be off if he only had 100 million dollars, and the rest of that money went to education and healthcare.

[–] phoenixz@lemmy.ca 1 points 1 day ago

I agree with you somewhat but that's not how that works. Elmo's net worth also includes the value of the shares he has in Tesla, for example. If he starts selling those for real money he'd never be able to get the current actual value for them because it would melt the stock prices for Tesla harder than climate change is murdering all of us.

He does have those values available to do things like get loans against it, but it's not like it's money in the bank

Also, twitter is hemorrhaging money and users, and isnwroth only a fraction of the 40 something billion he bought it for, and making very little. Meanwhile, rent for those loans will likely be close to a billion and twitter will never ever again make even a fraction of that so yeah, that's done.

Tesla is going off a cliff as well.

I'm still predicting that Elmo will be hitting bankruptcy within the next few years, and with that, the hawks will pick his bones

He could've funded 4 months of American healthcare!