It reminds me of the show Billions when Axe talks about trying to own a NFL franchise. He's rich enough that it makes no difference, but it's the closest thing to knighthood in the US. When Mike Prince tries to get the Olympics to New York, he's not going to make more money. He's just raising public profile to run for President, and even becoming President won't make him any richer.
Why did Bezos buy the Washington Post? A lot of this just feels like a prestige play. It's new money trying to get taken seriously by old money. Even though new money actually has more money, they're still outsiders. Apple won a Best Picture Oscar within three years of launching their service, something Netflix has spent the last decade throwing billions at big-name director vanity projects to aim for. It's a dick measuring contest.
Why did Bezos buy the Washington Post? A lot of this just feels like a prestige play. It's new money trying to get taken seriously by old money. Even though new money actually has more money, they're still outsiders. Apple won a Best Picture Oscar within three years of launching their service, something Netflix has spent the last decade throwing billions at big-name director vanity projects to aim for. It's a dick measuring contest.