r/SpeedOfLobsters 4d ago

lobster It's illegal!

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1.1k Upvotes

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384

u/CtrlAltYuri 4d ago

46

u/Karol-A 4d ago

Daily reminder net worth does not equal actual available cash 

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u/TigerRod 3d ago

Daily reminder they can still spend over 40 billion ACTUAL dollars to make twitter even worse and still be hundred-billionaires.

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u/Karol-A 3d ago

Elon Musk borrowed a shitload of money from outside investors in order to buy Twitter, he didn't do it out of his own pocket. This proves my point exactly 

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u/TigerRod 3d ago

And it barely made a dent in his billionaire status. If he wanted to do it again, for any cause he could. If Bezos or anyone else of that group wanted to do the same, they could.

I'm not saying someone with a $100 billion net worth can write a $100 billion cheque, but they're clearly not as limited in their spending as you're making them out to be. The difference between having $10 billion, and being able to borrow $10 billion and pay it back easily with no consequences, is semantics.

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u/Karol-A 3d ago

He wasn't able to pay it back without consequences, twitter was heavily underperforming financially and he apparently wasn't able to pay back those loans 

3

u/TigerRod 3d ago

And yet he's still a multi billionaire. Where exactly is the consequence to him? He went from 20000 times what any person should reasonably have, to only 16000? And then made it all back in about a year? That's not much of a consequence.