musk was mouthing off in an official enough way that he got trapped into buying it. He lost tens of billions. It was basically a money pit and he has drove it to even more of a money loser.
Doesn’t seem like he lost much, like you would expect by buying one of the biggest social platform in the world he got even richer and more relevant (enough to get a sit in the white house)
Well he does get investors. Like the openai thing he is leading a group of investors and as other folks point out loans. so he does spread the losses out to other folks. Honestly this destroys the economy really. Its one of my arguments for higher taxes for the rich in a progressive way that should keep having brackets till you get to the highest. It means making more money takes more ability as it becomes a harder and harder thing to do. Makes sure the best are messing around at those levels or keeps those levels from happening to begin with.
musk was mouthing off in an official enough way that he got trapped into buying it. He lost tens of billions. It was basically a money pit and he has drove it to even more of a money loser.
Doesn’t seem like he lost much, like you would expect by buying one of the biggest social platform in the world he got even richer and more relevant (enough to get a sit in the white house)
Well he does get investors. Like the openai thing he is leading a group of investors and as other folks point out loans. so he does spread the losses out to other folks. Honestly this destroys the economy really. Its one of my arguments for higher taxes for the rich in a progressive way that should keep having brackets till you get to the highest. It means making more money takes more ability as it becomes a harder and harder thing to do. Makes sure the best are messing around at those levels or keeps those levels from happening to begin with.
He has unlimited money. I am pretty sure he doesn’t really care.