this post was submitted on 14 Aug 2024
365 points (93.8% liked)

Technology

59201 readers
2913 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

So his site that already doesn’t make money with let subscribers make porn at an astonishing rate of electricity. He has no clue how to run a business.

you are viewing a single comment's thread
view the rest of the comments
[–] Voroxpete@sh.itjust.works 2 points 2 months ago (1 children)

The net outflows on Twitter cost him about a billion a year. And there's no golden parachute with Twitter, he's not a CEO, he's the sole owner.

Paying that debt requires him to come up with actual cash money, and Musk's fortune is entirely in Tesla stock. The more of that stock he sells off to cover his Twitter losses, the more he damages the stock price, which shrinks his remaining fortune.

So yes, he absolutely does care. Twitter won't bankrupt him, but it could definitely cause him some serious damage.

[–] ShareMySims@sh.itjust.works 1 points 2 months ago (1 children)

it could definitely cause him some serious damage.

You clearly don't understand just how much hundreds of billions of dollars is.

Try this:

https://mkorostoff.github.io/1-pixel-wealth/

[–] Voroxpete@sh.itjust.works 0 points 2 months ago

Don't try to be patronizing, you're clearly not very good at it.