this post was submitted on 17 Dec 2023
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He isn't a "really good business man", everything he's made is built on a foundation of lies. Eventually, it'll collapse or be saved by socialised systems for being too big to fail. Musk is a con man, not a businessman. He's just made a living out of conning investors and the public alike.
I understand where you're coming from, but business is brutal and things like this happen in that world. PayPal (formely X .com) was also started by Elon, I don't think he "scammed/tricked" anyone on that. And he has made billions for his investors over the years. I mean Tesla is worth over $600 billion, due to the marketing genius that is Elon. [Mistake: Elon didn't start PayPal, just X .com]
Man, learn something about someone before you go worshipping them.
X was bought by paypal, but was far from "integral." It was just its largest competitor for Confinidy at the time because Musk was washing it in money he made from a previous venture.Paypal was the more popular money transfer software, and it's the platform the new company formed around, even taking its name.
Musk was a actually briefly the CEO of PayPal, but his decisions were so poor that he was forced out.. He still retained enough shares of paypal to hit it big time, which is when he poured all that money into a long shot bet called Tesla, which he used goverment funds and seed capitol from his rich friends to keep alive until it turned an actual profit a decade later. With SpaceX, he leaned into fanboys like you calling him Tony stark, and managed to hire Gwynne Shotwell, a goddamn aeronautics powerhouse, as CEO the same year it was founded. She has brought SpaceX to success, by all accounts in spite of him. Its rumored that SpaceX keeps people around just to sideline Musk. That how disruptive he is to actual work. SpaceX was also utterly dependent on goverment subsides for most its existence, just like Tesla.
Dude grew up with emerald mine money, then just kept taking outlandish risks because he had an emerald mine to keep his ass housed and fed, and yeah, eventually hit it big, with a big heaping of help from our tax dollars and mega rich pals. Big surprise.
Turns out that if you have a wealthy life secured, you too can gamble big and make even more money. Thats how capitalism is designed to work. Capital makes more capital.
The fact that you're suckered in by the worlds luckiest gambler playing a game that had no actual stakes for him is sad as fuck man. Be proud of someone who overcame actual adversity. Go find a hero that wants to help people, not to rule them.
Don't forget blatant market manipulation. Pump&dumps on Bitcoin, doge coin, TWTR, and TSLA...