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Twitter To Rebrand As X
(www.theverge.com)
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this post was submitted on 23 Jul 2023
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Technology
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No rich person is actually smart, they are all addicted to money and can't get help over it. But their moves in the business world are all calculated, this guy is doing exactly what he wants to do and their goal is to make money not to lose them.
Smart people are more risk adverse. It seems like the only way to become mega wealthy is to haphazardly gamble. We only hear about the successes due to survivorship bias.
They really are just lucky bastards.
Lucky, or in Elmo's case, born with a platinum spoon in his mouth thanks to daddy's apartheid emerald mines.
That's a very big part of it.
When fucknugget wanted to start a company he had plenty of credit either on his own, with his name, or both. If he blew 50k in an attempt he could try again next week.
If I blew 50k I'd be homeless.
It's way easier to high stakes gamble when you won't notice you lost.
They are lucky because the average person won't even bother checking out on wikipedia how they become so rich
How does this make him money exactly? lol
He is literally just killing off his website.
My guess: the same way the now called Meta benefited from stalling facebook and moving people to their other platforms like instagram. These marketers perceive everything in market terms, twitter is old and they need to release a brand new product to hook people up
I'm waiting for the next step when he tries to add features to make X whatever he envisions. Oh, those devs I fired. Hey, why can't we hire anyone? No one wants to work.
Counterpoint: Warren Buffet.
Money are an addiction just like smoke, sex or drugs. If you can't cope with being addicted to gold at the end of the day you are dumber than some kids