378
The collective wealth of the 4 richest U.S. billionaires surpasses $1 trillion dollars for the first time ever.
(lemmy.world)
362 + 240 + 215 + 202 = 1019 billion
this post was submitted on 07 Dec 2024
378 points (99.5% liked)
A Boring Dystopia
9874 readers
1034 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It still make no sense to me that musks companies are so highly valued.
The stock market is vibes based
This is the reason I can't invest. Price to earnings doesn't matter. debt ratio does not matter. I just can't invest on the concept that you got to becausre brrrrr
I can't invest because I don't have any money ^^
I guess I could work more, but where would be the fun in that?
when working there is nothing more than I wanted but to not be working and now that im unemployed I am desperate to put the metal collar back on.
Sad thing is that they probably went up since the election.
Its fake
What is?
The value of Elon's companies is fake. Its whatever the vibe machine says it is.
Tesla has a market capitalization of 1.22 TRILLION dollars. I don't like the guy either but you need to have a basic level of understanding of economics to offer critique, sorry.
The market cap exists because Musk has lobbied the government to not allow Chinese cars that are way cheaper and have better Quality Control. So most people have to purchase one of his electric lock only, semi-trucks-are-the-sky death boxes. They will always have problems because they are always parsing raw video data since they use such cheap cameras. You can believe what you want, but Musk sits on a cardboard throne that he did not even earn by legitimate means. Tesla is not a superior product, its one of the only products allowed in town.
Can you use your basic level understanding of economics to explain why Tesla has a market capitalization of more than the next dozen or so automotive companies COMBINED?: https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/