“This software installer is almost as good as the one I used back in 1998 when The Undertaker threw Mankind off Hell In A Cell, and plummeted 16 ft through an announcer’s table.”
well, wasn’t me, also you can’t tell if he said that about Musk or Twitter, since he used “you’re” which applies to both and since it’s about Twitter it makes more sense that it’s Twitter who is the “you” in the comment.
By my memory of the news at the time he had to take out a significant amount of debt to complete the purchase of Twitter, meaning that failing to make those mind boggling number of millions of dollars per month in debt payments would put him at risk of his assets being seized, such as his significant stake in Tesla.
The overwhelming majority of his wealth is tied up in Tesla stocks, so Tesla doing well while the vanity project he over-borrowed to complete crashes and burns just means either a painfully slow bleeding dry of Elon, or best case for Elon, Tesla manages to increase in value so much that it completely eclipses the loans for Twitter and he can cut his losses. I suppose there’s also the possibility that some insane windfall comes to Twitter and it can gain enough value to not be entirely overburdened by Elon’s debt
But he’s not. He’ll be fine. He’ll always be fine.
It’s hard to comprehend just how vastly, mind-bogglingly rich the ultra rich are, so consider: according to Wikipedia, Musk’s net worth in July 2023 was about $239 billion. That means that he could lose 99% of everything he owns, and then lose 99% of what was left, and be left with over $20 million, more money than most of us will see in a lifetime.
He’s not going to be applying for EBT any time soon. Hell, he’s not going to be selling off the spare Lamborghini any time soon.
Yeah he personally isn’t broke and no matter how much debt Twitter racks up, it can’t put him in the red. That’s just how corporations work.
Still, he borrowed that $44bil and will have to face the people who lent it to him. Apparent the service on that debt is already equal to Twitter’s total operating expenses. That’s real money.
WhY he’s lost by this is prestige. He lost the court case and demonstrably got taken to the cleaners. He hasn’t been able to turn the business around and in fact has made it worse. And his creditors are left holding the bag. That’s some real humiliation for someone like him.
I have to believe that those who gave him that loan knew exactly the kind of shit show he would bring to Twitter and that was their goal - to make it wholly less relevant and less able to undermine them.
Maybe to make it more conservative friendly. I can’t believe capitalists feared Twitter’ great journalistic power to hold them to account. But you’re right.
Oh, just for contrast: imagine someone who graduates from med school, immediately gets a job as a neurosurgeon making $200,000/year — No, let’s say she really works hard, and is very good at her job, and spends wisely, and actually manages to save $200,000/year. Let’s say she manages to keep this up every year for 50 years. How much does she have when she retires? $20 million, less than if Elon Musk lost 99% of everything, and then lost 99% again.
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If anyone’s wondering. The text above is actually a placeholder commonly known as “Lorem Ipsum” and is used in the design and typesetting industry. It doesn’t have a specific meaning or translation because it consists of scrambled Latin words and doesn’t form coherent sentences.
Perhaps. But a rather large issue arises when your content is generated primarily by users who wouldn’t want to pay for a service.
There is also the issue where if you are having to pay to get around interaction limits is it really free speech? Or just limited to those that can afford to pay?
I think these limits were increased to a point where they are not really bad or they were removed. The point of them was to prevent scraping to train AIs
medium started doing the same shit, sometimes it has interesting articles I’d like to read, but then they started putting in behind registration so I just no longer open medium links.
Best I can do for your mammoth blood is five bucks.
I’ve got to get it into a decorative vial, then I’ve got to store it until I find a buyer, and the market is super niche. If you had come in fifteen years ago when True Blood was all the rage, and the vampires were still out in the open, it would be a different story.
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