hedge@beehaw.org to Technology@beehaw.orgEnglish · 1 year agoWill Elon Lose Control of Twitter?puck.newsexternal-linkmessage-square77fedilinkarrow-up1194arrow-down10file-text
arrow-up1194arrow-down1external-linkWill Elon Lose Control of Twitter?puck.newshedge@beehaw.org to Technology@beehaw.orgEnglish · 1 year agomessage-square77fedilinkfile-text
minus-squareduncesplayed@lemmy.onelinkfedilinkEnglisharrow-up9·1 year agoThe problem isn’t losing 99% of your wealth. The problem is losing 101% of your wealth (or more), which is entirely possible.
minus-squareGivesomefucks@reddthat.comlinkfedilinkEnglisharrow-up3·1 year agoAlso, people like him care about the high score. Losing 50% of his wealth wouldn’t change his lifestyle. But it would destroy his ego and make him keep making rasher decisions until it’s all gone. He’ll keep taking risks he doesn’t need to, and since he’s leveraging against other holdings, it becomes a house of cards situation real quick.
The problem isn’t losing 99% of your wealth. The problem is losing 101% of your wealth (or more), which is entirely possible.
Also, people like him care about the high score.
Losing 50% of his wealth wouldn’t change his lifestyle. But it would destroy his ego and make him keep making rasher decisions until it’s all gone.
He’ll keep taking risks he doesn’t need to, and since he’s leveraging against other holdings, it becomes a house of cards situation real quick.