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this post was submitted on 26 Jul 2023
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I doubt X has much money to spare to give to people considering how they hemorrhage money.
Clearly you don't realize how much a billion dollars really is then.
He could literally lose 99% of his wealth and still be islands buying rich.
Elon is not Twitter/X. Sure, he could pump all his personal money into it and keep it afloat indefinitely and I'm sure he's putting in personal money.. but at the end of the day they're separate entities.
You want a business to survive on its own funding. If I were him I would try to put in as little personal money as possible. Which is why we're seeing stuff like them getting evicted from office spaces. He doesn't want to just burn money.
Thank you for this!
I dislike Musk as much as the next person, but most of the hate of Musk & Twitter/X fails to make the distinction that they are not the same thing. At this point, any additional capital injected into X is throwing good money after really bad money.
Elon is not Twitter but Twitter is Elon. It used to be a public company, but now it is his personal property. There is no difference between Elon losing a dollar and Twitter losing a dollar. If he can use his personal resources to manipulate Twitter's market value or appeal to advertises, he can and will because anything else is leaving money on the table. They are not separate entities.
From what i have read, most of his money is in the stock value of tesla. If other car makers take away teslas market share then elons wealth will soon follow, and right now he does not exactly do any of "his" companies any favours with his ego and business decisions.