this post was submitted on 29 Mar 2025
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[–] GrouchyGrouse@hexbear.net 3 points 4 months ago (2 children)

Company that makes nothing being traded from one ghost company to the next.

And the entire time the owners just get to live in giant houses and control governments and all the real shit in the world.

How. How is this any different than a tyranny of a religious caste telling you that the gods demand you give the priests more food and virgins.

It makes my brain scream.

[–] BountifulEggnog@hexbear.net 2 points 4 months ago (1 children)

a religious caste telling you that ~~the~~ god~~s~~ demand you give the priests more food

Have you been to church recently?

[–] isame@hexbear.net 1 points 4 months ago

When's the last time you saw a grouse in a church?

[–] invo_rt@hexbear.net 1 points 4 months ago

And the entire time the owners just get to live in giant houses and control governments and all the real shit in the world.

And their wealth is mostly perceived value based on the vibe people have about their company. They borrow against that perceived value to avoid taxes.

[–] SootySootySoot@hexbear.net 2 points 4 months ago* (last edited 4 months ago) (1 children)

He made xAI buy Twitter at a value of $45bn dollars (minus debts). Exactly 1bn more than he paid for it, just so he gets to pretend like he isn't a completely failed investor.

[–] AcidSmiley@hexbear.net 0 points 4 months ago (1 children)

so he basically dumped another billion into the company by selling it to himself and plays it off as "now it's worth more than when i bought it"

[–] Nakoichi@hexbear.net 1 points 4 months ago

hey if it works for crypto....

[–] Monk3brain3@hexbear.net 0 points 4 months ago (1 children)

So worthless xai stock (based on deepseek showing ai for the scam it is) for x which was once worth something as twitter

yikes

But hey he learned from Uncle Sam. The US dollar hegemony is basically take our paper for your goods and labor or we nuke you

[–] KurtVonnegut@hexbear.net 0 points 4 months ago (1 children)

I guess Elon just discovered "privatized MMT," aka an infinite money hack.

[–] Monk3brain3@hexbear.net 1 points 4 months ago

I think private equity does something similar. Load a new acquisition with debt and declare bankruptcy

This is productive and innovative

[–] D61@hexbear.net 0 points 4 months ago (1 children)

All stock deal

Stock 'n trade kelly

[–] OutrageousHairdo@hexbear.net 1 points 4 months ago

Stock and buskin...