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[-] gregorum@lemm.ee 7 points 1 year ago* (last edited 1 year ago)

Terrible for him. Great for everyone else that that 40 billion is now in the hands of other people. 

It’s also ironic, that he is single-handedly the greatest redistributor of his own wealth. 

[-] NoneOfUrBusiness@kbin.social 17 points 1 year ago

That's not really how that works. He just reduced the value of the site. He nuked value out of existence.

[-] Fraylor@lemm.ee 16 points 1 year ago

I mean he did spend 44 billion prior to said nuking. Site isn't worth as much now sure, but the volume of currency still traveled into the hands of others.

[-] NoneOfUrBusiness@kbin.social 2 points 1 year ago
[-] DogMuffins@discuss.tchncs.de 1 points 1 year ago

Is the previous owner also a fuckhead though?

[-] elvith@feddit.de 7 points 1 year ago

But he hasn't realized his losses yet - HODL!

[-] chicken@lemmy.dbzer0.com 4 points 1 year ago

Twitter having overwhelming dominance may have had value to shareholders, but IMO that is at the expense of everyone else. Not having to use Twitter is valuable.

[-] qaz@lemmy.world 7 points 1 year ago

40 billion going into the bank accounts of investors that previously owned Twitter stock certainly is a redistribution of wealth, but I doubt it’s the kind you’re referring to.

[-] spittingimage@lemmy.world 4 points 1 year ago

Depends what they do with it, I guess.

this post was submitted on 07 Sep 2023
1268 points (96.6% liked)

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