undefined | Better HN

0 pointsgexla6mo ago0 comments

It will be interesting to see how this plays out though. People follow the money. Investors wouldn't be interested if they didn't see the value. If the new app can snag the network effects, then it will win. What is TikTok worth without the US audience?

0 comments

mullingitover6mo ago

The buyers are so absurdly wealthy that it’s not really wealth anymore, it’s power. They’re simply trading some of their dragon hoard of power for some other form of it. These people are above pedestrian worries about ROI.

tsimionescu6mo ago

> People follow the money. Investors wouldn't be interested if they didn't see the value.

The value may well be in currying favor with the Trump regime, not in the actual deal for itself. If you can lose a few billion on becoming best friends with an increasingly authoritarian leadership, you may well get much more power and future opportunities from that.

zoom66286mo ago

This. Ellison is a Trump+power fanboi. Through a few billion at a project to get multiples in return in other projects.

cess116mo ago

It might be zionism rather than 'fanboiing' over Trump that motivates him. It seems one has to curry favours with Trump to keep him tolerant of Netanyahu and unconditionally supporting of the state of Israel, and this would likely have such an effect.

Recently the Ellison clan dumped a large amount of money on the infamous genocidaire Bari Weiss and is pushing CBS to accept her as a senior member of their news organisation.

1 more reply

j / k navigate · click thread line to collapse