"Elon Musk admits X 'may fail, as so many have predicted'"
https://www.businessinsider.com/elon-musk-admits-x-twitter-may-fail-predictions-2023-8
Just discussing the bizarre devolution of #twitter / #X in another thread.
I'm increasingly convinced that he is simply having a $44B tantrum in response to being forced to buy the company after shooting his mouth off.
He seems to actively hate many if not most of his users and the feeling appears to be mutual.
Turns out it truly might be possible to have too much money. 🤷♀️
Follow
@ChelseaGirl429 @th3j35t3r
Oh it is certainly possible to hoard^H^Hhave too much money. @MMH posted an insightful graph:
@b4cks4w @th3j35t3r @MMH
Yep--astonishing when you dig into it.
"In the first quarter of 2023, 69 percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.4 percent of the total wealth."
The top 0.1% owns 12.8% of total U.S. wealth.
https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/#:~:text=U.S.%20wealth%20distribution%20Q1%202023&text=In%20the%20first%20quarter%20of,percent%20of%20the%20total%20wealth.