
link stash
elon musk seems like a financial genius because he’s ridden several waves of fintech speculation, monopolization and extreme gov’t asset-price support over the last 20 years. his twitter deal is so laughably bad that MBA profs will be using it as a cautionary tale for years after
if he didn’t consider himself such a very stable genius some CPA might have been able to convince him leveraging a huge portion of his equity in his ludicrously overpriced ($1t!) car outfit that barely makes cars to pay $1b+ interest per year on an unprofitable website was bad
ima few years i’m going to buy twitter on a carpenter’s wage after it’s been variously monetized, demonetized, free-speechified, unfree-speechified, ad-soaked, ad-lossed, made a fee service, then free again all to try to make a crumb of profit before being stripped for parts
also this will be the only type of post allowed. militant transnational working class solidarity or the banhammer, your choice