Don’t get the Elon glazing. They call him the “most successful African American entrepreneur”. But is manipulating old people’s pensions to fund your AI slop machine such a genius and revolutionary move? Maybe Americans just have a different definition for “success”.
For Elon to have Trillion dollars, wouldn’t it require everyone in western world to immediately sell their car and buy spaceX. Otherwise it’s just monopoly money.
It’s extrapolated money. If a share is worth $130, and there are 7700000000 shares, then the company is worth a trillion dollars. But if all the shares we to be sold at the same time, almost nobody would buy them at the $130 price. Instead, the few who would buy these would do so at a near zero price, thus making the company be worth $0.
It’s almost like Bitcoin, only instead of the zero inherent value of Bitcoin, companies have a little bit of value behind the extremely bloated stock prices.
I had to come here after foolishly looking at news articles via my FB feed, just to get some sane takes. I’m hoping it’s mostly bots, but the number of comments online praising him is sickening. Deluded sycophants and bootlickers are seemingly everywhere. I have stronger negative feelings toward these pricks than I do Musk himself, which is saying something.
The sycophants are definitely out there but I personally believe most of those comments are bots.
Fucking hell
