A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not “scheme” to mislead investors.
Oh No, point 2 % of his net worth
0.2%
literally less than a traffic ticket in terms of scale
I mean I dislike the guy as much as you, but almost all of his “wealth” is paper wealth. He may very well not be able to liquidate 2% of his wealth (fine with me).
He doesn’t have to liquidate shit, none of them do. They borrow against their holdings.
Yes of course. But a lot of it ain’t vested and so the terms may not be great or downright unpalatable.
Paper wealth and theoretical wealth, he will have to borrow that $2B using paper value as collateral.
Reminds me of the same defense some people make in divorce court
0.2% not 2%
…is Musk worth a trillion dollars now?
I mean, financially, yeah I think so. Which is ironic, since as a person he’s worth about as much as a large turd in a small bag.