this post was submitted on 24 Oct 2023
1116 points (86.1% liked)
Technology
62028 readers
5 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Under normal circumstances, maybe, but this guy has made some mistakes lately that mean he’s pretty heavily leveraged and is under some heavy legal liabilities. He’s not as liquid as his valuation might suggest, and due to his liabilities, he doesn’t have the flexibility to just buy whatever he wants right now. Anyone paying attention to recent news can infer this about his financial disposition without knowing the specifics.
His shares of Tesla (660B), SpaceX (150B), Boring Co (7B) and Neuralink (5B) give him all the credit he needs. Plus he's got some good investor friends (as we saw in the Twitter purchase). He doesn't even need to liquidate any holdings.