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Jonherenow t1_iwwmiy3 wrote

How does Elon Musk get into a small social media business?

He buys a big one.

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dewayneestes t1_iwx6g1l wrote

He literally tweeted this joke today. If I were the conglomerate who loaned him the money I would not be laughing.

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Thosefux t1_iwxk9bf wrote

Didn't he sell tesla stock to buy it?

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Iz-kan-reddit t1_iwxkvwc wrote

Only for part of it.

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amberoze t1_iwxvsto wrote

And he'll end up having to sell more to pay back the other part.

Here's to him no longer being a viable decision maker in any corporation by the end of 2023.

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Iz-kan-reddit t1_iwxwtwq wrote

> And he'll end up having to sell more to pay back the other part.

Actually, Twitter itself is on the hook for a lot of it.

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Pokey-Face-1234 t1_iwz0l69 wrote

See now that shit makes me crazy. Company assets leveraged to support a takeover, has nothing to do with viability of the company, and burdens workers, customers, everyone involved. The people who benefit? Maybe they feel pressure to repay, after they dividend and special contract fortunes out to themselves.

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Thosefux t1_iwxllde wrote

Oh. I think the whole things is great. I wish he would buy the united States government next and run it into the ground..

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Dankjeoxp t1_iwxmetu wrote

Absolutely. We are barely hovering off the ground, basically held by a loose shoestring. Cut it already and let's get to the carving up of the states already!

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Local_Fox_2000 t1_iwxyefy wrote

Only around $3.9bn worth of Telsa stock. He paid $44bn for twitter.

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GooseTheSluice t1_iwyccw2 wrote

Well with certain middle east backers that benefit greatly from stemming the flow of information, I'd imagine they got what they paid for

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wotmate t1_iwyccwk wrote

$20B? What do you mean $10B, it's definitely $5B.

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[deleted] t1_ix0pu32 wrote

[deleted]

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melvinsylar7 t1_ix7igfq wrote

would you like some check marks to go with the birds?

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[deleted] t1_ix7qskn wrote

[deleted]

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melvinsylar7 t1_ix7r03k wrote

Bird Flu ✔️

This mark is to prove that the mark above is authentic ✔️

*we ran out of Blue checkmark as our supreme man child leader puts it on hold, so we replace it for you with the Green Mark

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davidildo t1_iwxcqq7 wrote

You stole a joke from Elon Musk that he posted publicly. WTF man?

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DrQuestDFA t1_iwxt0yt wrote

The joke is also decades old, it is public domain at this point.

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Positive_Hippo_ t1_iwxt9ar wrote

I have always heard it as "How do you make a small fortune in the restaurant [or magazine] business? Start with a large fortune."

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R3lay0 t1_iwz0fe3 wrote

How do you become a millionaire? Start as a billionaire and buy an airline

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davidildo t1_iwzcpml wrote

It circled a lot around the dot bomb era too. Just batching about the timeliness of it.

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murphsmodels t1_iwzop5v wrote

I first heard it about the time Donald and Ivanka Trump were getting divorced. "How do you become a millionaire overnight?" "Start with a billion dollars".

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JaeCryme t1_iwysxtg wrote

Elon repurposed an old joke too. Calm down, white knight: Elon doesn’t know you exist.

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davidildo t1_iwzcacl wrote

White knight? I would expect nothing less than a cliché from ya, keep up the good work and way to be original.

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404-error-notfound t1_iwy0xf9 wrote

Hey, what's wrong with taking a page out of Musks book? Taking credit for someone else's work!

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drew8311 t1_iwxffq0 wrote

Better than the crypto business

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AnimalEater65 t1_iwy7zgr wrote

That trend seemed to die fast. I wonder how long til the Crypto area changes its name.

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etbswfs t1_iwyy3q2 wrote

When the stock market crashes, do you call that trend, as well? Crypto has been around for over a decade already and will have it's ups and downs like other markets, but it's not going anywhere anytime soon.

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olalof t1_iwz175o wrote

Well the stock market is backed by real profits and actual things. Crypto is just speculation.

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slackinpotato t1_ix00nlx wrote

lmaooooooooooooooooooooo. that's how stocks drop overnight. cause the profits dropped overnight.

thanks for the info.

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KanePilkington t1_iwxa3oo wrote

I think the joke is worded wrong. 'how to make' makes it sound like he now has $64bn.

​

I think the joke is better worded (albeit not as financially accurate) if it's: How do you become a Millionaire after getting into (XYZ)? Start as a billionaire.

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urinal_deuce t1_iwyn5kd wrote

You can make a mess or make a loss, so why mot make 20bn out of 44bn?

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DarrenDean t1_iwz1re6 wrote

True but the original joke directly links Elon Musk and Twitter. The one you suggested is pretty general. It can be for anyone, like Kanye. Lol

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nothingexceptfor t1_iwyp06r wrote

There’s another version of this joke:

Twitter is going to make Elon Musk a millionaire

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JustJeff88 t1_iwwlmck wrote

There's an old wrestling joke from the territory days that is exactly this, but with a lot less money.

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superbowlmovement t1_iwwzkme wrote

Maybe a better way to phrase it is "how do you get a $20B business" not "MAKE" $20B.

I'm not sure Twitter is worth even that much anymore. Maybe worth $5B?

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doctorsynth1 t1_iwx9kf4 wrote

Twitter is worth much less by Monday

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Available-Iron-7419 t1_iwxtuum wrote

Mark z on his way there

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Oilers1970 t1_iwxvng0 wrote

What’s the fastest way to become a millionaire? Invest a billion dollars in an airline.

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Tidesticky t1_iwylxda wrote

Not sure that one hits the sweet spot. But ok, I guess.

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AdligaTitlar t1_iwyvjck wrote

It's a quote from Richard Branson, which is similar to Musks quote which the poster stole.

"If you want to be a Millionaire, start with a billion dollars and launch a new airline."

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viper12a1a t1_iwxzy0q wrote

Something a lot of people won't acknowledge is that the company was always in financial free fall but was constantly getting money infusions from investors because of the societal influence it represented. I'm not sure if there was any point in time in which Twitter was in the black

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billzybop t1_iwydb9q wrote

That doesn't change the fact that Musk overpaid and then burned it down.

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viper12a1a t1_iwyiyqk wrote

overpaid yeah for sure...burned it down? it's at it's highest traffic in the entire history of the site. the only reason advertisers pulled out is because they're gonna do exactly what they did with the youtube ad debacle. they're just gonna argue for better rates and come back anyway. This is just a marketing opportunity for them like it always is. these companies would advertise baby powder on bestgore if they felt it wouldn't damage the "brand" and would make them money.

We could also take into consideration that most twitter employees were barely working 4 hours a week, being massively overpayed, and what the fuck was with that 400$ per employee for food PER DAY? Bro, we're just getting a glimpse into just how fucked ALL tech companies are, the only difference is that Twitter now can't rely on investors pumping infinite amounts of money into the company. Unlike most tech companies, Twitter now has to actually make money, which it never has. It's anew concept for a lot of people to wrap their heads around.

(oh, and most of the people that were fired were the kinds of people most tech companies keep around in order to get rid of when budget cuts need to happen. Leeches.)

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Tidesticky t1_iwym2kn wrote

Appears to be a slight difference of opinion. Do tell us more kind sir.

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MysteryBeans t1_ix0foj1 wrote

I haven't heard about the 4 hour work weeks or the $400 a day food bills. Any links to info on this? Curious to read more to determine if this is legit or if you're just making stuff up.

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billzybop t1_iwymylj wrote

He overpaid for it, it now has no revenue, almost no employees, and he's begging for programmers to show up. Not really sure what you call a business with no income and no employees.

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Duckboy_Flaccidpus t1_iwyyo0w wrote

>Not really sure what you call a business with no income and no employees.

A website?

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viper12a1a t1_iwyoevy wrote

How about a business with no income and 5000 employees? That's what it was until now.

And you'll notice, despite the lack of "diversity and equity" departments, the site is still perfectly functional

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Duckboy_Flaccidpus t1_iwyx9tz wrote

Also, the mass firings and such are being derised as loose and unwarranted. I think he's simply cutting some of the fat, gettting rid of the lazy and pairing things down suitably. All of silicon valley seems to be on precipice of layoffs, why not twit?

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comp4391 t1_ix01vsk wrote

I’m just hoping San Francisco becomes more affordable now, can’t wait to move back to the bay!

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GretalAlcoburgMalady t1_iwxrhz7 wrote

And still, you win. The joke's not on him, it's on everyone bleating on about it.

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ulterakillz t1_iwyzgte wrote

Ive always wanted a 250B dollar company, so when I hit 1T, i changed the name to meta, lost unprecedented amounts of money in a year, and finally reached my goal of 250 billion

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poolman42162 t1_iww19h5 wrote

🤣😂😅😂😂🤣😂😂😅😂🤣

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ADHDWontLetMeGetUp t1_iwyt7l3 wrote

Do you start with $44b then make $20b.

You’ve still made $20b

Bad joke

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sythingtackle t1_iwyeu4l wrote

Done in the voice of Tommy Cooper (british magician/comedian); I will now make this $44 billion disappear, poof $20 billion, audience applauds.

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IsThereAnythingLeft- t1_iwygvbf wrote

That’s not making 20B though, you should have said how to get a 20B tech business

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norrisrw t1_iwykwbb wrote

Elon Musk finally owns a company with a name appropriate for him.

Twit-ter

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GrabWorking3045 t1_iwyswdl wrote

It's hard making the first million. So start with the second.

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Ordinary_Yam1866 t1_iwz6gzi wrote

It's the same starting amount in crypto if you want to make 100 bucks

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SylvieJay t1_iwzcsv9 wrote

Start with $44B, and more balls than brains. Fire everyone, and give it a couple of weeks.

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StarBliss t1_iwzstzo wrote

First heard this as:

How do you retire from farming with a million dollars in your pocket.

Start with two million dollars.

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[deleted] t1_iwwono4 wrote

[deleted]

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[deleted] t1_iwvxh1y wrote

[deleted]

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fugawf t1_iwvyqtj wrote

Damn you’re that dense? This is a joke about LOSING money, using the initial $44 billion as a reference to Twitter and how Elon is tanking it.

Like, starting with $44 billion and losing $24 billion would net you the $20 billion in the joke. Does that clarify it for you?

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dion101123 t1_iwwln0q wrote

Technically he is right as it says 'make' 20B not have or get or anything like that but the way he put it was still pretty douchey

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fugawf t1_iwwmocd wrote

No I get that. Technically that’s how it’s worded but I feel like a joke gets a little leeway. It came off like this:

Me: Knock, knock

Him: Who’s there?

Me: Banana

Him: HeY wAiT, bAnAnaS cAn’T tALk!!

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[deleted] t1_iwvywmt wrote

[deleted]

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fugawf t1_iwvz8mu wrote

I’m the context of this joke, it depends on how much of the original $100 was lost, while you made the $20.

Get it? It’s a JOKE, not a grammar test.

I bet you’re fun at parties…

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AtheistJesus66 t1_iwwmudx wrote

Yeah no offense but ur kind of a dumbass bro

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[deleted] t1_iwwn3ya wrote

[deleted]

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AtheistJesus66 t1_iwwn8cc wrote

At least my brain ain’t so smooth to the point where I don’t understand basic jokes lol

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