this post was submitted on 23 Jul 2023
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He's worth $240B.
Him spending $44B on Twitter is similar to someone worth $100k spending $18k on a car or a house remodel or something. Its proportionally a decent amount of money, but it's not gonna break him if he totally loses it all.
he has that much in stock, he doesn't have that much cash. he also has to make huge payments on what he borrowed to buy twitter so that may affect cashflow and then value of his other companies..
Not having that much in cash is a good way to not pay more taxes. If any of his stock is valued 1 cent less than what it's supposed to be worth in the stock market i'm down to buy all of them.