Sure bro.
That’s why Tesla crashed when he paid for Twitter in cash.
shalafi@lemmy.world 3 days ago
Musk’s wealth is almost all tied up in his company’s stocks. That is not money he is free to spend, like the money in your checking account. If he starts yanking it to fund super projects, investors panic, begin downward spiral.
Of course quantity is a quality all it’s own. So there’s that.
tl;dr: Even Musk isn’t rich enough to cut paychecks for federal worker’s pay.
Sure bro.
That’s why Tesla crashed when he paid for Twitter in cash.
He didn’t.
He got people like the owner of Oracle, TikTok owner Binance, and others to foot some of the bill.
1: I am begging you to do some extremely basic arithmetic on your article.
2: You mean you can use your property that “isn’t real money” as collateral for loans on a moments notice to raise literal billions? I was completely unaware of this.
Yep, the game is rigged for the rich.
surewhynotlem@lemmy.world 3 days ago
He just takes loans against the stock. He doesn’t have to sell the stock.