Well that’s good news, but he’s still immorally rich and in need of taxation.
And how should we collect those taxes…
God, it’s like the “truck driving at bollard” gif but for tyrannical asshats, all I want is the payoff and it never comes. Just like real life!
I gochu
I don’t remember this part in fiddler on the roof
Matchmaker matchmaker chop off his cap! Grind off his rind, so his dick slaps!
I hope he’s so crushed by the news that he kills himself.
so this website is complete dogshit and continually reloads the page for me on Firefox on android, having something of a small fit; and it seems to be paywalled anyways as a subscription nag did partially load at one point; but what I can see from the article is this hilarious subtitle/header:
The stock market selloff this week has been painful for investors, but spare a thought for Elon Musk.
Unless that thought is to laugh. And the investors can get bent, too.Doesn’t reload for me on Firefox on Android like you describe, but it is indeed paywalled and Elon et al can indeed get bent.
He didn’t earn a single cent so fuck his title and he can eat shit.
The best part was the Elmo fan bois watching their investment go up in smoke because dickweed diluted their shares by almost a third during the lockup period. Honestly, even I thought that was a move that reeks of desperation.
Elon was never a trillionaire because he never actually had that money; it was all invested in an overinflated meme stock.
Stop.
This “billionaires don’t have any real money” is ignorant.
The investments have value, the value is leverage and loans, those are power and money. Yes, it can fluctuate due to market value, but nonetheless that’s what billionaires are worth.
It’s real money.
It is theoretical money, and it vanishes at a downturn.
And your physical dollars lose value with inflation. Money isn’t real. Buying power is. He has a trillion dollars worth of buying power. It doesn’t matter if it’s in dollars, gold, cows, or stock, as long as he can effectively use that power to make purchases.
Senators. It’s in senators. Best investment you can get.
Yes, it can fluctuate due to market value,
I literally stated that possibility.
What are you saying? Are you trying to make some financial hot take? Are you trying to still imply it’s not worth real money? Won’t anyone think of the poor trillionaire who is now only simultaneously worth/not worth hundreds of billions? The path you’re going down leads to “is any money real money?” and adds nothing to the conversation.
That their money is not “real” at all as you suggest was my point. It will go up in smoke.
Understanding this level of finance is not hard and I don’t understand what you’re trying to prove or your resistance to it.
What a billionaire is doing is no different (as a radical simplification to make it easy to understand) than a normal person taking a home equity loan. Your argument is that “the home isn’t real” and that’s the same as saying “SpaceX isn’t real”. The home’s value can fluctuate thanks to the real estate market, or whether or not the owner does a good job maintaining and upgrading the home. SpaceX can suffer market fluctuations and be well managed or suffer bad decisions. The money leveraged on the values of these investments is real.
As far as what you just said I can tell that you haven’t thought one step further than making the statement, I am pointing out how the money is real. We’re done here, you plainly want to be right rather than learn how the system works.
The intrinisc values of his companies, and others, are a fraction of their current market value.
When you borrow against it, when the price falls back to intrinsic value, in Musk’s case 1/100th or so of Tesla’s current valuation, they get margin calls.
My point is not hard to understand and undeniably true. Owning theoretical money you can’t realize in full is not the same as owning assets that can be realized. Musk is not trillionaire, never was.
I’m not playing financial Schrodinger’s Box with you.
All money is theoretical money.
The larger the amount the more theoretical it is, but even the crisp $5 bill in your pocket is just the promise of violence if somebody doesn’t have enough $$$ to pay their housing costs at the end of the month or their taxes at the end of the year.
Actual money is not theoretical money as such, don’t conflate the theoretical nature of money with the subject at hand. Kind of discredits you that you made that argument.
All money is theoretical, even commodity backed money or commodities themselves are only worth what you can exchange for them, in that regard the $5 in your pocket is exactly as “real” as a stock Elon has with $5 you can both use it to purchase $5 worth of stuff.
Kind of discredits you that you made that argument.
Nah, saying shit like that actually discredits you though.
I desperately wish that he could have his wealth crumble to dust, having been a trillionaire for a minute.
I know its not going to happen but a guy can dream.
Nothingburger, everyone knew that stock was overvalued.
Keep sliding. Then drop off. Then plunge. Then crash whole heartedly.
OH NO!
So anyway, where are the Epstine files?
Haha
It should keep sliding.
Way overpriced, also lots of competition is coming online soon
