Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Elon’s Out

bloomberg.com

Post reply on HN
Print view View original

341–350 of 767 posts

Re: Elon’s Out

#341

Post by shrubble »

SoftTalker wrote: post #184
tluyben2 wrote: post #124

Earlier quoted context omitted.

I used to ‘hang’ with a billionaire friend of the family and, maybe that might be dutch, he was incredibly frugal (drove a crappy old but not classic car, lived in a rather small house etc) and yea was obsessed with making more. He would ask me out for a coffee and ask to split the bill (or just pay his part and walk wait for me to pay my part) even though I usually just paid as I don’t like going dutch. He spent alm…

Warren Buffett reputedly lives frugally and clips coupons.

That is what his PR team wants you to believe.

He recently sold a 7.5 million dollar Malibu second home (though he got a good deal on it in 1971 when he bought it)... https://www.latimes.com/business/realestate/hot-property/la-...

Re: Elon’s Out

#342

Post by treis »

dodobirdlord wrote: post #293
treis wrote: post #273

Earlier quoted context omitted.

He's sold plenty of Tesla stock over the years. No real need for him to make up a story.

There is certainly some limit to how much of his stake he could sell out of at once without spooking the market and destroying retail investor confidence, though it’s hard to say what that limit is. Without some cover story I suspect an $8.5 billion sale would be newsworthy and significantly impact the share price.

He sold like 14 billion last year. Had a Twitter poll and everything.

Re: Elon’s Out

#343

Post by exadrid »

mrkstu wrote: post #239
typon wrote: post #119

Earlier quoted context omitted.

It's wild to me that people think that Elon might actually face legal consequences for this. The Delaware court isn't some magical place run by elves. It's a court in the US. You know what's a lot cheaper than $34 billion dollars, or heck even $1 billion dollars? $200k for 3-4 judges. The Supreme Court just changed the law of the land based on a right-wing political campaign. You think a billionare, let alone the ric…

Quoted post unavailable.

Yes, the supreme court decided that the rights of women were up for democratic election. That's fucking great when you have an anti-women's rights party.

Re: Elon’s Out

#344

Post by scaramanga »

phatfish wrote: post #201
moomin wrote: post #27

Earlier quoted context omitted.

This is one of those things that could genuinely cause problem for the entire US (corporate) legal system. There’s a genuine danger that the result of this case will be “some people are too powerful to be regulated by the US system, and this is now obvious”.

US law obviously works in favor of billionaires. I doubt even Musk would want to expose it further, and the other parties involved in this deal surely don't. They will set their lawyers at it and come to a settlement. The super rich know better than to be at each others throats, that sort of behavior is for the poor...

Except that some of the ultra-rich have major personality disorders which cause severe cognitive distortions and erratic and impulsive behaviour. Their power and influence tends to allow their cognitive distortions to spread in to the general population, which eases the cognitive dissonance that would be a problem for normal people. But anyway, these people cannot be compelled in to psychiatric treatment, and who could convince them? Who do they listen to? We're talking about a category of people who are notoriously difficult to get to enter treatment, even when they are not princes and emperors, but average Joes.

I mean, if a street sweeper thinks he is King, you might convince or compel him to get treated when he comes in to contact with the system. But when the King thinks he is King... that is a much more difficult problem to deal with.. usually the kingdom joins in with his madness so as to keep him happy.

Re: Elon’s Out

#346

Post by dredmorbius »

hotpotamus wrote: post #12
tailrecursion wrote: post #6

I'd like to learn how to read billionaires' minds. Anyone know a good book I can read so that I can have the skills of this opinion writer?

“I want more” You’re welcome.

Johnny Rocco knows what he wants.

https://yewtu.be/watch?v=ITs-YX1yQ7o

Re: Elon’s Out

#347

Post by jfabre »

LegitShady wrote: post #339
ethagknight wrote: post #276

I find it amazing that not one of the top comments gives Elon ANY consideration that maybe, just maybe, he has a legitimate case against Twitter. We don’t know what he’s found, what he was told, what he was promised, what changed on Twitter’s side. Some very top level people bailed or were fired shortly after Elon’s acquisition proposal was announced. It sure appears that Elons is just balking, but what is far more l…

Quoted post unavailable.

No post body was provided.

Re: Elon’s Out

#348

Post by mlindner »

roca wrote: post #166
georgeburdell wrote: post #132

Musk holds a key piece of America’s future in space in SpaceX. I wonder if it’s only a matter of time before he starts dangling that to get what he wants in cases like this. I still am generally favorable toward Elon, but I think we’re seeing him transform into a villain

The "cave diver paedophile" incident made it abundantly clear to everyone willing to see that whatever else he may be, Musk is a malicious clown. It was always only a matter of time before that had greater consequences.

No post body was provided.

Re: Elon’s Out

#349

Post by ThalesX »

hotpotamus wrote: post #111
ThalesX wrote: post #107

Earlier quoted context omitted.

I met an almost billionaire once; I mentioned how a million dollars would cover me for the rest of my life and she followed with a 10 minute speech on how money is horrible and she can't sleep at night for their concern. I was moved but I confessed I'd still want that million dollars to fall out of the sky. It didn't feel like she "wanted more".

How did you meet her? Were you at a zen meditation retreat after retiring from remunerative employment? On a semi-related note, one of the most predictive factors of stress in any primate societies is inequality, but one of the more surprising factors is that stress increases for everyone, even those at the top of the heap.

> How did you meet her? Were you at a zen meditation retreat after retiring from remunerative employment?

I wish. It was through an investor and it was incidental.

Re: Elon’s Out

#350

Post by daenz »

dodobirdlord wrote: post #282
daenz wrote: post #247

Earlier quoted context omitted.

Couldn't other shareholders sue the government for tanking the stock and essentially "stealing" value from them?

No, they still own the stock, the government hasn’t taken anything from them. The stock might be worth less money the same way a house might be worth less money if a city government decided to stop repairing the road in front of it, or if the city relaxed zoning laws, but the price of assets in the market isn’t a responsibility of the government, and it generally does not incur liability when it causes them to change…

I think a more appropriate example would be if the government did some work around the house and in the process damaged the house, thereby lowering the value. The thing being damaged is shareholder confidence, which I thought (but IANAL) taps into different securities-related laws.
Post reply on HN