this post was submitted on 12 Oct 2023
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Maybe that was his plan for creating true free speech, by driving everyone away from twitter to mastodon...
A very 200iq plan, only cost him $44B
It cost him a lot more than that. He lost about 200 billion in stock value that he owned and among the companies he "runs" about a trillion was lost in total due to investers dumping stock after seeing his ineptitude on full display.
Truly someone who is willing to go beyond his earthy wealth for his ideas of free speech.
No. The companies he controls at some level lost about a trillion in stock value combined
Yeah probably, I am trying to be funny here haha.
Wait, he was a trillionaire before? Interesting, now I'm curious what effects did this made to the economy, it would be a fun read (maybe).
At those scales it's apparent that money is mostly imaginary.
$10 is $10 but a publicly traded tech company loses most of its value the moment you try to sell it, but that doesn't matter when the owner can "lose" 44 billion or 200 billion or a trillion or whatever and experience absolutely no change in his lifestyle.