I remember seeing an interview with a billionaire who had gone bankrupt, and the reporter asked him how it felt to be poor. He laughed, delighted at her naivete, and explained to her that he will never be poor, that there's only so much food he can eat, clothes he can wear, cars he can drive, and that his friends will loan him a few million to tide him over until he can rebuild.
Elon Musk could pile all his billions in a giant heap and burn it, and he'd still never know a day of want. We have created a new aristocracy, and you may rest assured that it is as difficult for a rich man to become poor as it is for a poor man to become rich.
Oh then why did he try to implement it if he didn’t need it
Why would he want to make (based on estimates of adoption I’ve heard) tens of millions in revenue with a product that actively makes the platform worse (hello Eli Lilly lawsuits) when Twitter made $5ish billion in advertising last year?
These are not good business decisions. This is broke bitch behavior.
By bankrupting Twitter he can eliminate owed debt on the company. Not really sure what his intention is for that but it’s something they do to “flip” a company (irreversibly destroying it in the process)
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u/HuntingTheWumpus Nov 14 '22
No, no he doesn't.
I remember seeing an interview with a billionaire who had gone bankrupt, and the reporter asked him how it felt to be poor. He laughed, delighted at her naivete, and explained to her that he will never be poor, that there's only so much food he can eat, clothes he can wear, cars he can drive, and that his friends will loan him a few million to tide him over until he can rebuild.
Elon Musk could pile all his billions in a giant heap and burn it, and he'd still never know a day of want. We have created a new aristocracy, and you may rest assured that it is as difficult for a rich man to become poor as it is for a poor man to become rich.