Also, people like him care about the high score.
Losing 50% of his wealth wouldn’t change his lifestyle. But it would destroy his ego and make him keep making rasher decisions until it’s all gone.
He’ll keep taking risks he doesn’t need to, and since he’s leveraging against other holdings, it becomes a house of cards situation real quick.
There was escrow fail-safes.
If they didn’t pay, there was funds sitting there to avoid downtime.
Took a while to burn through them, then they never got replenished.
“unintentional landing”
Why are you talking about Vietnam?
Vietnam is the reason we support with money and not bodies…
I don’t think coins/gold ever really made money.
Reddit gave a shit ton out to mods to give to inflate the appearance people were buying them to give out. And when you’d receive gold, you got coins to give others gold.
It’s like a Ponzi scheme but without money…
I never paid a cent for gold, but had it at least 50% of the time on Reddit.
The stock subs want to short reddit…
I could see the price crashing to the point it gets “owned by users” but that could take years, and this is basically the end result already.
I just can’t see reddit ever bouncing back. It might never end, but it’ll be like Yahoo Answers
Because “funding other people’s wars” is better than waiting a couple years till it’s our war too…
Did you forget about WW2?
Because the building was an asset during the sale…
On paper it was “smart” to have it there because it was a tangible asset. Long term it was a waste of money, but canceling would have been worse before the sale because it would have been an immediate loss affecting the price.
Just kicking the can down the road