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Elon Musk and company take @x handle from its original user. He got zero dollars for it. (mashable.com)
submitted 3 years ago by to c/technology@lemmy.world
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[–] 4 points 3 years ago (4 children)

Clearly you don't realize how much a billion dollars really is then.

He could literally lose 99% of his wealth and still be islands buying rich.

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  • [–] 6 points 3 years ago (2 children)

    Elon is not Twitter/X. Sure, he could pump all his personal money into it and keep it afloat indefinitely and I'm sure he's putting in personal money.. but at the end of the day they're separate entities.

    You want a business to survive on its own funding. If I were him I would try to put in as little personal money as possible. Which is why we're seeing stuff like them getting evicted from office spaces. He doesn't want to just burn money.

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  • [–] 6 points 3 years ago

    Thank you for this!

    I dislike Musk as much as the next person, but most of the hate of Musk & Twitter/X fails to make the distinction that they are not the same thing. At this point, any additional capital injected into X is throwing good money after really bad money.

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  • [–] 0 points 3 years ago

    From what i have read, most of his money is in the stock value of tesla. If other car makers take away teslas market share then elons wealth will soon follow, and right now he does not exactly do any of "his" companies any favours with his ego and business decisions.

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