BonsaiBoo

joined 2 days ago
[–] BonsaiBoo@lemmy.world 1 points 2 hours ago

He will own around 80% of the shares, so he'll have plenty to sell off to enrich himself or use to borrow against down to 50.01% and he maintains control. So he gets a huge influx of cash from the ipo to use and he gains a wider calculation of wealth headed towards being the first trillionaire. This will absolutely put him over the edge into that status.

[–] BonsaiBoo@lemmy.world 70 points 3 hours ago (3 children)

I just keep getting the cracked versions

[–] BonsaiBoo@lemmy.world 44 points 7 hours ago

It's what power plants crave

[–] BonsaiBoo@lemmy.world 18 points 15 hours ago (2 children)

He's not been spending his money, he's been spending vc and govt contract money. And the VC money is drying up, that's why he's opened it up to IPO.

[–] BonsaiBoo@lemmy.world 44 points 2 days ago

Well at least the government and big tech companies have a perfect record of keeping sensitive private data safe! /S