sanitation@lemmy.today to Technology@lemmy.worldEnglish · 2 months agoSpaceX’s stock slide costs founder his trillionaire titlewww.barrons.comexternal-linkmessage-square17fedilinkarrow-up1190arrow-down19
arrow-up1181arrow-down1external-linkSpaceX’s stock slide costs founder his trillionaire titlewww.barrons.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 2 months agomessage-square17fedilink
minus-squareKatherine 🪴@piefed.sociallinkfedilinkEnglisharrow-up20arrow-down7·2 months agoElon was never a trillionaire because he never actually had that money; it was all invested in an overinflated meme stock.
minus-squareRememberTheApollo_@lemmy.worldlinkfedilinkEnglisharrow-up33arrow-down3·2 months agoStop. 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.
minus-squarefpslem@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down2·2 months agoOMG this, and the breathless media reporting about that fictional title are part of the problem. Just the dumbest way to run an economy.
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.
OMG this, and the breathless media reporting about that fictional title are part of the problem. Just the dumbest way to run an economy.