bedwyr

joined 5 months ago
[–] bedwyr@piefed.ca -4 points 2 months ago* (last edited 2 months ago) (5 children)

The intrinisc values of his companies, and others, are a fraction of their current market value.

When you borrow against it, when the price falls back to intrinsic value, in Musk's case 1/100th or so of Tesla's current valuation, they get margin calls.

My point is not hard to understand and undeniably true. Owning theoretical money you can't realize in full is not the same as owning assets that can be realized. Musk is not trillionaire, never was.

[–] bedwyr@piefed.ca 2 points 2 months ago

Except rank and file government employees hate him too. Outside of some law enforcement departments, he is very very underwater with federal employees.

[–] bedwyr@piefed.ca 2 points 2 months ago (1 children)

The reflecting pool was the administration's fuckup, and they aren't the ones taking the blame for it. Same here, they will scapegoat others. Our great leaders can never be wrong.

[–] bedwyr@piefed.ca -5 points 2 months ago (7 children)

That their money is not "real" at all as you suggest was my point. It will go up in smoke.

[–] bedwyr@piefed.ca 0 points 4 months ago (1 children)

I have a Microsoft app only because it is the only one I can get to work for the purpose I use it for, and it puts ads into it that get by my you block origin somehow, but they are like naked chicks and soft porn pictures. Microsoft is advertising with soft porn to me at this very day.

view more: ‹ prev next ›