Cya
this post was submitted on 16 Jul 2024
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Technology
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I can't believe reddit used to love this dude.
All media gave him free uncritical publicity for decades. They inflated his ego, branded him as a genius and built him a legion of fanatics. Now the media see the monster they created, but it is too late to undo :/
PS: I just noticed this is the tech community...why is this posted here?
Space X is a technology company, why wouldn't it be posted here?
The media doesn't give a shit. They're doing trump AGAIN, same exact way they did before.
Profit has killed ethics in so much of journalism.
this is a mere business update about a tech company...nothing about tech that any other company couldn't do.This exact same thing could have happened 100 years ago with some airline magnate who decided to move headquarters for some legal/accounting/marketing reason :D
Tech is about new products, principles, ideas, innovation, patents, methods, engineering, achievements, drawbacks, etc.
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Doesnt he have a fiduciary responsibility to the share holders? How is this unnecessary move going to help increase their value?
Please lets think of the shareholders!
Unless I'm mistaken they've always been based in Texas. Like look at their corporate license, they're incorporated in Texas. SpaceX isn't moving shit, he's just talking out his ass per usual.
SpaceX is not publicly traded, so there are no (public) shareholders to be beholden to
There are stake holders that are not elon he only has like 54% still a fiduciary responsibility
I know that this is vile and sick and cruel but goddamn, that headline is so fucking batshit stupid I laughed out loud.
What a colossal dipshit.
I had to pause as my brain processed it, returning only "yep.....ok........um, sure......."
No way that's the real reason, the real reason is taxes. So many California millionaires move to Texas for the low tax, only to realize once they're there that it's a shitty state with a barely-functioning power grid. Unfortunately it never seems to click for most of them that the low taxes is a big part of why they don't have a competent state government.
If it isn't, then it's worse, because that means he's only saying it out of cruelty and petty malice. And it means I now loathe him somehow more than I already did.
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