EDIT: Elon Musk's net worth has increased $79 billion in the last 33 days!
October 9, 2024: - net worth $256 billion
November 9, 2024: - net worth $314 billion
Elon added another $21 billion today, so his net worth has increased by $79 billion in the last 33 days!
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In other words: "tesla stock went up"
The numbers are made up.
The problem is that the people with big numbers get to influence the world more
May the coming Hyper-canes fill the server rooms of the stock market.
At some point those numbers mean nothing anymore. What then? Maybe we are already there.
we are
Of course it means nothing to us. To them it's like getting high score in the arcade - they all want their name and number at the top and will happily shit on anyone below them.
It absolutely means something. Don't kid yourself.
Stocks value don't represent the actual value of a company, it represents the the value that a buyer believes it is worth.
How is that different from money?
by 2029 he'll be a trillionaire 2 or three times over and the rest of us will be fighting over scraps.
Not if he dies a horrific public death before that happens. I definitely wouldn't wish death on anyone. Not a gruesome death like that. What, with his genitals smashed, his guts removed, and his eyes skewered by hot pokers all while he's alive screaming in agony as the world watches. It would be horrible to wish that one someone, and we shouldn't.
If something that cruel we're to happen we would need to honor his greatness with a burial monument publicly accessible to everyone. As long as people don't urinate or defecate on the monument it would be great.
Natural course for capitalism. Money makes money is a feedback loop that naturally concentrates wealth.
Only options are to ban money from making money, or eliminate the need for money
Mike Bloomberg is always absent from these lists...
Funny, he is still entirely worthless to me, net or otherwise.