Comment on Elon Musk to Owe Billions After Jury Finds He Misled Twitter Investors Before Takeover

brownsugga@lemmy.world ⁨4⁩ ⁨days⁩ ago

• sunbeam60@feddit.uk ⁨4⁩ ⁨days⁩ ago

  I mean I dislike the guy as much as you, but almost all of his “wealth” is paper wealth. He må very well not be able to liquidate 2% of his wealth (fine with me).

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  • iglou@programming.dev ⁨4⁩ ⁨days⁩ ago

    He doesn’t have to liquidate shit, none of them do. They borrow against their holdings.

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    • sunbeam60@feddit.uk ⁨3⁩ ⁨days⁩ ago

      Yes of course. But a lot of it ain’t vested and so the terms may not be great or downright unpalatable.

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  • phoenixz@lemmy.ca ⁨4⁩ ⁨days⁩ ago

    Point is that if I commit fraud or steal anything over 10 dollars I might go to jail

    This guy lies steals and cheats by the billions and he gets a hug

    Jail the motherfucker already

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  • brownsugga@lemmy.world ⁨3⁩ ⁨days⁩ ago

    0.2% not 2%

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  • SCmSTR@lemmy.blahaj.zone ⁨4⁩ ⁨days⁩ ago

    Reminds me of the same defense some people make in divorce court

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  • SaveTheTuaHawk@lemmy.ca ⁨4⁩ ⁨days⁩ ago

    Paper wealth a theoretical wealth, he will have to borrow that $2B using paper value as collateral.

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• drislands@lemmy.world ⁨4⁩ ⁨days⁩ ago

  …is Musk worth a trillion dollars now?

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  • Regrettable_incident@lemmy.world ⁨4⁩ ⁨days⁩ ago

    I mean, financially, yeah I think so. Which is ironic, since as a person he’s worth about as much as a large turd in a small bag.

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