this post was submitted on 10 Nov 2024
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A Boring Dystopia

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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!

November 11, 2024: - net worth $335 billion

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[–] [email protected] 4 points 3 days ago

Funny, he is still entirely worthless to me, net or otherwise.

[–] [email protected] 14 points 5 days ago

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

[–] [email protected] 41 points 5 days ago (1 children)

by 2029 he'll be a trillionaire 2 or three times over and the rest of us will be fighting over scraps.

[–] [email protected] 30 points 5 days ago (1 children)

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.

[–] [email protected] 5 points 3 days ago

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.

[–] [email protected] 48 points 5 days ago (2 children)

In other words: "tesla stock went up"

The numbers are made up.

[–] [email protected] 25 points 5 days ago* (last edited 5 days ago)

The problem is that the people with big numbers get to influence the world more

[–] [email protected] 12 points 5 days ago

May the coming Hyper-canes fill the server rooms of the stock market.

[–] [email protected] 10 points 5 days ago

Mike Bloomberg is always absent from these lists...

[–] [email protected] 46 points 5 days ago (4 children)

At some point those numbers mean nothing anymore. What then? Maybe we are already there.

[–] [email protected] 1 points 5 days ago (1 children)

Stocks value don't represent the actual value of a company, it represents the the value that a buyer believes it is worth.

[–] [email protected] 2 points 3 days ago

How is that different from money?

[–] [email protected] 19 points 5 days ago

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.

[–] [email protected] 7 points 5 days ago

It absolutely means something. Don't kid yourself.

[–] [email protected] 28 points 5 days ago