Technology

86633 readers

3124 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago

MODERATORS

L3s@lemmy.world

enu@lemmy.world

technopagan@lemmy.world

L4s@lemmy.world

L3s@hackingne.ws

726

Tesla Stock in Freefall After Disastrous Earnings Report (finance.yahoo.com)

submitted 2 days ago by sanitation@lemmy.today to c/technology@lemmy.world

195 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] gusgalarnyk@lemmy.world 0 points 1 day ago

I'll post what I said to the other guy who thought it necessary to explain stocks to me.

The comment chain was:

I can't believe Elon musk is a trillionaire, that doesn't sit right with me.
he's not a trillionaire, his stock went down, most of his wealth is in stocks
i downvoted because that statement sounded like a defense of the wealthy, not the TH letter (which I actually like, sorry to the people on Lemmy who seem to have a hate boner for it).

No, I do not think saying "actshully his numbers went down this month and he's not a trillionaire" is value added or demonstrating a grasp on how wealth works. Elon will be a trillionaire again this year or next, and more importantly he will not be the only trillionaire we see by the end of this decade unless something is done about it. He will not always have his money heavily tied up stocks, and he'll begin diversifying it. The difference between someone having 900 billion and 1.1 trillion is not significantly important, they're both unbelievably bad.

Maybe I'm responding too much to this chain, he obviously wasn't heavily defending him, but it is what people tend to say before they defend him elsewhere in the chain. I'm just interested in keeping these societal issue topics more focused and clean.

Billionaires shouldn't exist. That's the important part of this that I want to echo and protect. I'm sorry if it sounds like I'm "tilting at windmills" or making the cause seem bad, that's not my intention.