Beep2d ago

Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout

https://lemmus.org/post/20989591

Show threadbrownsugga

Oh No, point 2 % of his net worth

0.2%

literally less than a traffic ticket in terms of scale

Mar 22 at 3:49pmWeb
Show threadsunbeam6020h 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).
Show threadSaveTheTuaHawk20h ago
Paper wealth a theoretical wealth, he will have to borrow that $2B using paper value as collateral.
Show threadSCmSTR20h ago
Reminds me of the same defense some people make in divorce court
Show threadiglou20h ago
He doesn’t have to liquidate shit, none of them do. They borrow against their holdings.
Show threadsunbeam6012h ago
Yes of course. But a lot of it ain’t vested and so the terms may not be great or downright unpalatable.
Show threadPhoenixz19h 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

Show threadbrownsugga10h ago
0.2% not 2%
Show threaddrislands19h ago
…is Musk worth a trillion dollars now?
Show threadRegrettable_incident19h 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.