Comment on Elon Musk moves X out of San Francisco. City leaders shrug.

Akasazh@feddit.nl ⁨1⁩ ⁨month⁩ ago

• unknowing8343@discuss.tchncs.de ⁨1⁩ ⁨month⁩ ago

  That’s what happens when you have so much money that you can just do crazy things knowing that statistically something will make money.

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  • tangentism@beehaw.org ⁨1⁩ ⁨month⁩ ago

    I don’t think musk does have that much money though. He’s leveraged to the eyeballs & his businesses (Tesla & Space X) are not profitable without govt subsidies while starlink had repeatedly failed to meet targets & has competitors about to cut into it’s market.

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    • unknowing8343@discuss.tchncs.de ⁨1⁩ ⁨month⁩ ago

      He might not be now, but like a year ago he was the richest human ever. I don’t think he’s fallen from the top 20. And that is just the official numbers. Imagine what might be hidden.

      And don’t come to me with the “but shares are not money”. Shares are basically money, and you can even use them to convince banks to give you more.

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      • tangentism@beehaw.org ⁨1⁩ ⁨month⁩ ago

        And don’t come to me with the “but shares are not money”.

        WTF are you on about? Where did I even alude to even suggesting that? Sounds like you’re really desperate to simp for him.

        His companies are notoriously overvalued and he is massively over leveraged so those who devise those wealth chart tables are chatting shit.

        The real wealthy are incredibly private about their worth whereas boastful egotists like musk are all show no substance

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• tangentism@beehaw.org ⁨1⁩ ⁨month⁩ ago

  I have my suspicions that Peter Thiel is assisting him to a degree as Twitter serves his purpose.

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  • Asafum@feddit.nl ⁨1⁩ ⁨month⁩ ago

    Pretty much. These platforms right wingers take over are propaganda dissemination devices, not entirely “for profit” enterprises anymore.

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• technocrit@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

  State funding.

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