MyPillow CEO Mike Lindell broke down in court this week, telling a judge he has no money left to pay the sanctions imposed against him in a defamation case brought by voting technology company Smartmatic.
“I’m in ruins,” Lindell said tearfully during a virtual hearing before U.S. District Judge Carl Nichols on Wednesday, according to a report from ABC News. “I borrowed everything I can. Nobody will lend me any money anymore.”
Lindell was ordered to pay $56,369 in sanctions to Smartmatic, which sued him for defamation in 2022 over his baseless claims that the company helped rig the 2020 presidential election against Donald Trump.
The past few months have probably just been a party for musk. He doesn’t give a fuck, and he’s got enough fail upwards magic to be fine after all this ends.
But i would absolutely love to see him end up reenacting Rudys fall.
I think musk might actually be stuoid enough to lose it all. His companies have all profited off first mover advantage and we’re now seeing with Tesla that he is too incompetent to leverage first mover status to his advantage.
His pivot to AI is also a strong sign that he is past his prime of jumping into any new first mover companies. Realistically, that was the only thing he had been able to do but only twice and with many times as many failures.
Every indication is that xAI or whatever the fuck he’s calling it is heading for a flop and I hope he goes all in on it.
Charlie Munger said Elon bets the farm too often to be investible. And he’s right.