Just an American with immigrant roots scraping together a weeks pay to support a candidate he believes in. Ahh, democracy. Citizens united in purpose.
this post was submitted on 12 Nov 2024
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Citizens united
I see what you did there
He spent a lot more than that. Twitter was $44B.
didn't the saudis fund some of that?
Yeah, they gave him about $2b for some stock / equity in Twitter / X.
There was also the cost of running twitter. Granted, his return so far has been about 50 bil and twitter still has a market value of like 40 billion, so it's not like that asset has gone away. Like 4 billion in net costs to make 50 billion in two years is pretty solid return on investment....
Here’s some perspective.
That’s only 1/1500 of his net worth.
It’s the same as someone worth $50,000 spending $750.
Most of us worked harder to buy our mattresses than Elon worked to buy the election.
It's actually worse than than because winning the election has been a big windfall for Elmo to the tune of $70 billion: https://www.cnbc.com/2024/11/11/elon-musk-is-70-billion-richer-since-trump-victory-due-to-tesla-surge.html
It's more like he got a 34,900% return on investment. If you include the $44 billion he "spent" on Twitter that brings the ROI down to a still impressive 58%, outperforming pretty much any market or fund.
They really are good businessmen, but the foxes are now in control of the hen house. Good luck everyone else!
They really are good businessmen
If you measure success by how much cash you can exploit for yourself...
Yes, that is unfortunately the measure capitalism uses to judge success. Something something invisible hand I guess.
Money equals speech.
Elon just has a whole lot of it.
Musk has a lot of purchasing power - which would be fine except people keep giving him actual money in exchange for it.
200 million examples of free speech, according to the Supreme Court.
Oh, so someone has shown that you can buy yourself a carte blanche in the US government for about the price of a medium sized building in larger capital cities?
This bodes well for America from now on, what interesting times you've made for yourselves
Woohoo $0.50/person in the USA, to fuck them all.
Quite a bargain to buy a ~~president~~ country