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Elon Musk's 2022 Wealth Loss Exceeds $100 Billion for First Time
I'm just going to be over here in a corner dying of laughter.
I'll be right there with you, friend.
Elon Musk's 2022 Wealth Loss Exceeds $100 Billion for First Time
I'm just going to be over here in a corner dying of laughter.
A key point of that NY Times article.
Its a bold strategy. Lets see how it works out for him.
Since Elon Musk took over Twitter last month, his stewardship of the social network has been marked by turmoil, intrigue and no shortage of questions. Here’s one: How much time is he spending on his job as chief executive of Tesla, the electric-car maker?
Robyn Denholm, Tesla’s chairwoman, testified in court last week that although she did not know the answer, she was not perturbed. “The quantum of time isn’t a measure that concerns me,” she said. “It’s more the results that he’s able to drive.”
But as Mr. Musk has become consumed with Twitter, Tesla is facing a range of threats to its business and its stock price has been plunging. Some corporate governance experts say Tesla’s board needs to ensure that the company has a chief who is not distracted.
“They’re violating their fiduciary responsibility if they don’t address that issue head on,” said William Klepper, a professor of management at Columbia Business School.
Tesla’s board has long been criticized by shareholder groups for lacking independence from Mr. Musk. When Tesla’s stock price was soaring and the company appeared to have the electric-car market mostly to itself, that argument found little resonance.
Now Tesla is facing much fiercer competition, especially in China, a huge market for the company, and it is still contending with supply chain problems and scrutiny of safety issues with its driver-assistance systems. Its stock has plummeted nearly 60 percent from its peak a year ago; since Mr. Musk bought Twitter last month, the S&P 500 stock index has risen 4.5 percent, but Tesla shares are down 25 percent. Mr. Musk has sold roughly $30 billion of Tesla stock this year and last, in part to help finance his Twitter acquisition.
Oh, yeah. Keep the dumpster fire burning.
Not a surprise. I would not hold Elon Musk to his word on anything.
You give it that long?Twitter will be dead by the end of next year, lol.
I was being generous, lol.You give it that long?
Why would anyone continue to work at Twitter? He's firing them for false reasons so he doesn't have to pay as much in severance. It's so blatant.
Ha! Gonna be good times.Financial Times - Closure of Twitter Brussels office prompts online safety fears
Digital policy executives’ departure elicits unease over adherence to EU rules on disinformation and hate speech
You should be preparing litigation because doofus fraud Elon Musk doesn't give a darn.