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Max Kennerly@maxkennerly.bsky.social |
Jack Dorsey could have received a check for $978 million from Elon Musk but instead he rolled over his shares into the obviously mismanaged and debt-saddled "X" and now his interest is worth maybe $100 million on paper but in reality far less because it's illiquid and still heading towards zero.
18 replies 66 reposts 331 likes
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Thomas Hansen
@thomashansen.bsky.social
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True story:-)
#ElonQ
0 replies 0 reposts 11 likes
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Silly B Man
@lawnerd.bsky.social
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What an idiot
0 replies 0 reposts 4 likes
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Ghost Dansing ☠️ 👻👽
@ghostdansing.bsky.social
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so is Bluesky not going to be the open-decentralized architecture it was originally intended to be, or what? totally confuse. just sayin'
0 replies 0 reposts 0 likes
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Warren Terra
@warrenterra.bsky.social
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I usually characterize that as Dorsey betting a billion dollars that Musk wouldn't fuck up Twitter ... and losing.
0 replies 0 reposts 1 likes
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Random scientist
@randomperson.bsky.social
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Crypto can fix this..by speed running his wealth to zero faster.
0 replies 0 reposts 1 likes
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David Bailey
@drgdave.bsky.social
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OMG. I had just (naturally) assumed that the Twitter folks took Elon's money and laughed all the way to the bank. Yes, Dorsey was a special kind of stupid for thinking Musk's "all Nazis, all the time" management of Xitter would be profitable.
1 replies 0 reposts 7 likes
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Cosmic Doomrock
@deathbymeteor.bsky.social
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Gee, it sounds like he got a nice heaping dose of karma, except it's the kind that's pronounced "Haha, fuck you!"
0 replies 0 reposts 2 likes
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Comfortably Numb
@numb.comfortab.ly
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Musk could also just pay that fine and walk away from the purchase that he had come up with when he was extremely high.
2 replies 0 reposts 9 likes
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Patrick Matthews
@matthewsp.bsky.social
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0 replies 0 reposts 4 likes
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@ninjamonkky.bsky.social
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We replaced actual business folks with Techbros Brunch Lords, and the market is reaping what it's sown
0 replies 0 reposts 0 likes
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Livia
@livialand.bsky.social
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Lol I love it
0 replies 0 reposts 1 likes
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Ann M. Lipton
@annmlipton.bsky.social
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To be fair Musl promised to buy him out at 54.20 if he rolled over. So Musk wrote him an option if he chooses to cash it.
0 replies 1 reposts 2 likes
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Nathan Standing
@cryptosantra.bsky.social
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Wait. Are you suggesting I should feel deep sympathy for Jack Dorsey? Really?
2 replies 0 reposts 3 likes
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Mike Masnick
@mmasnick.bsky.social
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Apparently they have a side deal that Elon will pay him the purchase price for the shares if Jack wants them... www.axios.com/2023/09/12/e...
3 replies 2 reposts 25 likes
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Serenity Now!
@cpo10za.bsky.social
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LOL, I hadn’t heard that he’d declined a cash payout & let his Twitter stock ride. What a dumbass. No wonder he’s back at trying to pitch X-Twitter as the place to be.
0 replies 0 reposts 10 likes
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Tim
@timanderson.bsky.social
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Clearly a genius 7 dimensional chess move.
0 replies 0 reposts 3 likes
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mynnna
@mynnna.bsky.social
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You love to see it
0 replies 0 reposts 8 likes
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Taco Bell's Cannon
@jamtoday.bsky.social
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Greedy and dumb.
0 replies 0 reposts 4 likes