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Re:Twitter just banned a wave of prominent journalists with ... by paxys on Thursday December 15, 2022 @10:08PM (#34009387)
He has lost 40% of his net worth (over $110 billion) so far this year largely because of this one deal. Truly one of the most disastrous business decisions of all time.
Re:Twitter just banned a wave of prominent journalists with ... by ramesh31 on Thursday December 15, 2022 @10:33PM (#34009686)
TBF anyone who has their net worth almost entirely tied up in the US stock market has seen their wealth decrease by nearly 40% in the last year.
Re:Twitter just banned a wave of prominent journalists with ... by paxys on Thursday December 15, 2022 @10:38PM (#34009739)
The market is down ~15% this year. 40% is massive underperformance compared to it.
Re:Twitter just banned a wave of prominent journalists with ... by paulpauper on Thursday December 15, 2022 @10:47PM (#34009837)
Not at all. the S&P 500 only down 20%, dow down just 10%.
Re:Twitter just banned a wave of prominent journalists with ... by EFreethought on Friday December 16, 2022 @12:02AM (#34010542)
True, but Musk is supposed to be smarter than us mere mortals.
Re:Twitter just banned a wave of prominent journalists with ... by GaylordTuring on Thursday December 15, 2022 @10:25PM (#34009582)
Who said it was a business decision on his part? If Elon Musk just tried to make money, do you think this is the way he would behave?
Re:Twitter just banned a wave of prominent journalists with ... by hinkley on Thursday December 15, 2022 @10:18PM (#34009513)
<Donald Trump has entered the chat>