this post was submitted on 14 Aug 2024
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So his site that already doesn’t make money with let subscribers make porn at an astonishing rate of electricity. He has no clue how to run a business.

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[–] pyre 15 points 3 months ago

dude he literally backed out of it and the courts forced him what are you even talking about. he DIDN'T want it, and he bought it at like 4x its value or something i don't even remember but it wasn't remotely approaching $44bn.

first of all, that's a sizeable amount of money even for him, especially since it doesn't fucking make any money in return.

second of all, his net worth isn't liquid. most of it is speculation subject to stock market.

third of all, and most importantly, a good deal is calculated by what you pay for something vs what it's worth, not by what you pay for something vs what you're worth. otherwise, Elon could buy bread for 400 thousand dollars a loaf and that would be a better "deal" than the average American, which is a ridiculous proposition.