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submitted 1 year ago by boem@lemmy.world to c/world@lemmy.world

Elon Musk and Mark Zuckerberg increased their net worth by $96.6 billion and $58.9 billion, respectively, thanks to rising share prices on the Nasdaq

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[-] meat_popsicle@kbin.social 22 points 1 year ago

They don’t need to sell to realize gains - they take out loans against the stock value from banks for almost no interest. If they choose to, they could get large amounts of that paper gain in liquid cash through just a handful of steps.

[-] givesomefucks@lemmy.world 4 points 1 year ago

they take out loans against the stock value from banks for almost no interest. If they choose to,

Those days are coming to an end though...

[-] SIGSEGV@waveform.social 2 points 1 year ago

Yeah, someone else mentioned that. That's bullshit.

this post was submitted on 04 Jul 2023
530 points (98.4% liked)

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