- cross-posted to:
- enoughmuskspam@lemmy.world
- cross-posted to:
- enoughmuskspam@lemmy.world
cross-posted from: https://lemmy.world/post/19346837
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Jack Dorsey sure kept a lot of stake in his company after handing the reigns over to people who would never understand how to run it
TBH he even started a concurrent of it, so he probably expected Twitter to lose value
Oracle:
One
Rich
Asshole
Called
Larry
Ellison
Fucker sent out an email to literally every employee bragging about buying his Hawaiian island when he did it.
Is this real money or just “valuation” money?
As r/wallstreetbets will tell you, it’s only a loss once you sell, so just hold onto the stock forever and it doesn’t count.
All jokes aside, the platform formerly known as Twitter’s revenue has collapsed recently, so these investors won’t be seeing anywhere near the return on their investment that they should be seeing. This will sting.
The people in question will hardly even notice. But turning one of the most prominent social media sites in the world into a far right propaganda spout will make it well worth to them.
Where did that money go? Now it’s just in the hands of some other rich dickheads.
To the people owning Twitter stocks. So a lot of rich dickheads but also to some non rich dickheads and actually good people.
That was just the cost to buy a propaganda machine with over half a billions users.
And the people still allow it because double posting to mastodon is just too hard. Maybe Facebook will save them.
Meh, those people will write it down and use it to offset any other taxes they need to pay.
Well it depends on what they were actually buying. Probably not Twitter.
Hmm I wonder if he bought his crypto via binance
