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.
Good job elon. You won capitalism. you can stop now. thanks.
Every billionaires has won capitalism
A billion dollars is enough it retire on if you live frugally but a trillion is definitely nice in case world conditions change.
If world conditions “change”, not even his trillion is going to do him any good.
Cheese and crackers they think youre serious haha.
I am though.
You’re super cereal?
So cereal that the kids like the marshmallows.
He’s super cereal guys!
Fuck that fucking fucker to the highest of Fuckativity!
This fucking sucks. It just give the idea to all those billionaire that it’s possible and a thing to strive for.
I think “get even more money” has always been a thing they strive for, but I get what you mean.
He has no friends and will die alone
He has, like, 5 wives.
If Musk sold every single thing he owns today, and then paid his debts; would he have anywhere near a trillion? Because if not, that’s a weird title. Or does trillionaire just mean “has a trillion dollar credit line”?
If Musk sold every single thing he owns today, and then paid his debts; would he have anywhere near a trillion?
There’s no way he would be able to sell all of his corporate stock at once. It would be breaking, headline news if Musk was trying to sell all his stock, and it would almost certainly cause the share price of Tesla and SpaceX stock to plummet.
The only way Musk would ever have $1 trillion of actual, liquid dollars would be if the US had a Zimbabwe runaway inflation scenario.
Looking at the guy they’re replacing JPow with and the AI bailout on top of some other timebombs like auto loans… Zimbabwe seems likely
does trillionaire just mean “has a trillion dollar credit line”?
I mean, that’s a pretty good position for him to be in. Probably better than having a trillion dollars in cash or hard assets.
Not if the vast majority of that is already debt you can’t back up. But I’m really just complaining about semantics. Seems wrong to call someone a trillionaire that couldn’t actually put a trillion dollars on a poker table.
couldn’t actually put a trillion dollars on a poker table.
Thats not how net worth works… even for normal people, money on a poker table is an idiotic measure of net worth…
Is it? Basing it off imaginary stock market numbers sounds idiotic to me. And that is a hill I will die on.
even if you if you ignore stocks… i own a home that is appraised by the city and taxed at $300k (i’m not talking about an inflated valuation by a real estate agent here), but i only have $5k in liquid cash to bring to the casino floor… you’re telling me that my net worth as a person is only $5k? if i were to apply for a business loan, the bank should assess my net worth as $5k?
i’m really glad the real world doesn’t work that…
What’s the debt on the house? 0$? If it is actually salable for $300k, then net worth would be $305k. Owe $200k on it? $105k net worth. That’s what I meant by “sold every single thing he owns today, and then paid his debts”. Actual tangible assets.
Here’s to my solvency hopefully outlasting this madness.
Is there a sane index fund somewhere that avoids ecocidal bullshit, fraud, cronyism and genocide?
They say the first trillion is the hardest.
At an average return of 7 percent – extremely conservative in this day and age and in the context of the mega rich – having 1 000 billion dollars will make you 70 billion dollars in a year without lifting a finger.
So yeah.
Fucking hell
