this post was submitted on 12 Nov 2024
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politics

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[–] Hobbes_Dent 78 points 3 days ago (1 children)

Just an American with immigrant roots scraping together a weeks pay to support a candidate he believes in. Ahh, democracy. Citizens united in purpose.

[–] ieatpwns 19 points 2 days ago* (last edited 2 days ago)

Citizens united

I see what you did there

[–] simplejack 35 points 3 days ago (2 children)

He spent a lot more than that. Twitter was $44B.

[–] [email protected] 11 points 3 days ago (1 children)

didn't the saudis fund some of that?

[–] simplejack 8 points 3 days ago

Yeah, they gave him about $2b for some stock / equity in Twitter / X.

[–] [email protected] 3 points 2 days ago

There was also the cost of running twitter. Granted, his return so far has been about 50 bil and twitter still has a market value of like 40 billion, so it's not like that asset has gone away. Like 4 billion in net costs to make 50 billion in two years is pretty solid return on investment....

[–] disguy_ovahea 25 points 2 days ago* (last edited 2 days ago) (1 children)

Here’s some perspective.

That’s only 1/1500 of his net worth.

It’s the same as someone worth $50,000 spending $750.

Most of us worked harder to buy our mattresses than Elon worked to buy the election.

[–] [email protected] 17 points 2 days ago (1 children)

It's actually worse than than because winning the election has been a big windfall for Elmo to the tune of $70 billion: https://www.cnbc.com/2024/11/11/elon-musk-is-70-billion-richer-since-trump-victory-due-to-tesla-surge.html

It's more like he got a 34,900% return on investment. If you include the $44 billion he "spent" on Twitter that brings the ROI down to a still impressive 58%, outperforming pretty much any market or fund.

They really are good businessmen, but the foxes are now in control of the hen house. Good luck everyone else!

[–] [email protected] 10 points 2 days ago (1 children)

They really are good businessmen

If you measure success by how much cash you can exploit for yourself...

[–] [email protected] 2 points 2 days ago

Yes, that is unfortunately the measure capitalism uses to judge success. Something something invisible hand I guess.

[–] Kyrgizion 14 points 3 days ago (1 children)

Money equals speech.

Elon just has a whole lot of it.

[–] [email protected] 2 points 2 days ago

Musk has a lot of purchasing power - which would be fine except people keep giving him actual money in exchange for it.

[–] [email protected] 13 points 3 days ago

200 million examples of free speech, according to the Supreme Court.

[–] TokenBoomer 10 points 3 days ago* (last edited 3 days ago)

Geez. I did the math 🧮 That’s like $60 for us regular people. WTF 🤬

Edit: I thought he was worth more. It’s more like $75.

[–] 9point6 6 points 3 days ago* (last edited 3 days ago)

Oh, so someone has shown that you can buy yourself a carte blanche in the US government for about the price of a medium sized building in larger capital cities?

This bodes well for America from now on, what interesting times you've made for yourselves

[–] [email protected] 4 points 3 days ago

Woohoo $0.50/person in the USA, to fuck them all.

[–] iamanoldguy 3 points 2 days ago* (last edited 2 days ago)

Quite a bargain to buy a ~~president~~ country