He does, but the writeoff can't be bigger than what he invested.
Except when it can. It's often possible to do several investments at roughly the same time (within a few years of each other), lose massively on one and write off more than you invested on that one as long as you make a profit on the others and the profit is larger than what you want to write off.
Comments
Does he get some type of tax-writeoff or something by destroying Twitter entirely?
As I don't believe there is too many users who will pay for it and this will destroy relevance of it for everyone who is paying...
He does, but the writeoff can't be bigger than what he invested.
Except when it can. It's often possible to do several investments at roughly the same time (within a few years of each other), lose massively on one and write off more than you invested on that one as long as you make a profit on the others and the profit is larger than what you want to write off.
I think it’s that you can negate capital gains with capital losses. Even if, he’s losing money. His tax rate is not 100%.
Tax write off won’t justify or make up for this. He’s just desperate and flailing like a man sinking in quicksand.
I think news orgs. area going to pay for it anyway. Seems to be dependent on the site.