Who could have forseen the woes of capitalism? - eviltoast
  • AwkwardLookMonkeyPuppet@lemmy.world
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    10 months ago

    He could easily get a billion dollars cash whenever he wanted. Look, Musk got $42B in cash within a couple months, immediately lost half of it, and his net worth went up. It doesn’t matter that the majority of their wealth isn’t liquid. They can get cash whenever they want by borrowing it from banks and investors at lower rates than their holdings appreciate.