tl;dr They’re spending 90% less over the past 3 months than they did 3 mo before acquisition
Yeah, but Musk can afford to lose $20 billion, unlike basically everyone else in the entire world. Musk didn’t put in $40b. It was 20 from him, a couple from Saudis, 10 from Larry Ellison and 13 from bank loans.
Interesting about Dorsey. I still wonder about the horrifying statement about the sale, “Elon is the singular solution I trust. I trust his mission to extend the light of consciousness”. Now I wonder, was he actually that deluded or was that only Elron manipulation?
I think that billionaires need to think that they are the ones responsible for their success and wealth - that we live in a meritocracy and so anyone with Elmo’s money must be brilliant. I’ve also heard that Elmo can be quite funny and charming in person if he wants to be. Given that, plus the well known halo effect, I suspect that Dorsey mostly meant what he was saying, but the fact that he got his buyout guaranteed at least makes me suspect that he had reservations.
