this post was submitted on 14 Aug 2024
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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.

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[–] [email protected] 1 points 1 month ago* (last edited 1 month ago) (1 children)

he was forced to buy it with one of the worst deals in history if not the worst,

Was it though, since he's got exactly what he wants (and for what to him is a literal pittance)?

Your understanding of the deal from the perspective of someone who probably can't even imagine the scale of how much a billion dollars actually is, never mind a couple hundred billion (which will remain at a couple of hundred billion with or without twitter), and doesn't have his eye set on global domination, clearly isn't his.

I hate him as much as the next person, but the idea that he's just coincidentally fumbling perfectly through every step of the fascism playbook (or that doing so is "5D chess" rather than the natural state of a billionaire) is naive and uninformed at best, and laughable either way.

[–] [email protected] 14 points 1 month ago

dude he literally backed out of it and the courts forced him what are you even talking about. he DIDN'T want it, and he bought it at like 4x its value or something i don't even remember but it wasn't remotely approaching $44bn.

first of all, that's a sizeable amount of money even for him, especially since it doesn't fucking make any money in return.

second of all, his net worth isn't liquid. most of it is speculation subject to stock market.

third of all, and most importantly, a good deal is calculated by what you pay for something vs what it's worth, not by what you pay for something vs what you're worth. otherwise, Elon could buy bread for 400 thousand dollars a loaf and that would be a better "deal" than the average American, which is a ridiculous proposition.