Yes he already cashed out, but apparently too early. For a normal life with a house and a little travel here and there his money is enough, but for this from-burning-man-to-private-jet lifestyle he will be broke in 5 years. A Twitter buyout would have made his lifestyle probably viable though.

Now it will produce shaming news for 1-2 years before someone buys it for a few million, drops 80% of the staff and then turns it into a low-level cash cow to fund his own private jet.