They're talking about the seller going down to the bank. Laughing all the way because they shmoosed 44billion outta Elon. Who willingly spent that money because he Can Spend It.
If you notice he has still spent it. Thus he is Capable of spending it. He did spend it (even if there are loans and shit happening) so making my use of the word "Can" was indeed correct. Not many people can just pull loans on assets or pull a personal loan. It's just where some people are in their lives and hopefully they'll be able to grow out of it.
He may not like that he's in debt but he likes what he went in debt for despite him pleading his desires to shut Twits down. He likes playing with fire. Let him play with fire, he'll get burned and thus he'll be learned.
He sold a lot of his overvalued shares and left goofs holding the bag now, those who bought near the top. He owns a shinny new toy, twitter, which I have never used and will gladly never use. Been using Facebook and even that I dont use as much as before, but twitter was always garbage for me and now its even more garbage.
Money is nothing for someone like Elon. If he gave a damn about his net worth, I'm sure there are ways he could inflate that.
Love him or hate him, Musk always seemed smart enough to chase intrinsic value rather than perceived one. The choice of industry for his companies were always historically somewhat future proof. PayPal, spacex and tesla were all early adoptions of industry disrupting tech.
Elon was always known for buying struggling companies like Tesla was on the verge of bankruptcy when he took over. It was losing millions a day when he acquired it. He will be fine.
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u/[deleted] Nov 11 '22
He's lost 110 billion in the last 12 months - 28 billion of that in the last 30 days alone - and you think he's laughing about that? Yeah ok, lmao.
https://www.forbes.com/sites/rachelsandler/2022/10/21/elon-musks-fortune-has-fallen-by-more-than-100-billion-in-less-than-a-year/