Hey Identifier,
https://www.theguardian.com/technology/2022/may/28/elon-musk-welcomes-global-recession-its-been-raining-money-on-fools-for-too-long
“This is actually a good thing,” Musk said in response to a question from a Twitter user. “It has been raining money on fools for too long. Some bankruptcies need to happen.
“Also,” he continued, “all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!”
It’s tough talk from a man said to be worth north of $218bn, more than anyone in the world. And it conveniently overlooks the considerable handouts Musk himself took in the process of growing his net worth after plunking down $6.5m for a majority stake in Tesla in 2004. How did Musk weather the economic storms and rude awakenings thereafter?
#recession #streetsmart #2022rescession #money
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