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SpaceX’s stock slide costs founder his trillionaire title (www.barrons.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] -4 points 4 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.

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  • [–] 4 points 4 months ago* (last edited 4 months ago) (4 children)

    I’m not playing financial Schrodinger’s Box with you.

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  • [–] -2 points 4 months ago (3 children)

    Is that the vag of some chick you know? Doesn't seem to be applicable here.

    My point is undeniably true, no matter how many half wits vote with you.

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  • [–] 1 point 4 months ago (2 children)

    Ah, good job. Now you’ve swung to insults. That’ll win ya. Guess you need everything explained to you. Your argument is attempting to force a point against what society has deemed what monetary worth is.

    You’re not gonna win that argument, but feel free to bang your head on the keyboard uselessly while you attempt to bend the world to your will.

    Not only that, but you have moved the goalposts from “billionaires are still worth money even if it isn’t all in cash” to “they can’t possibly cash it all out so it doesn‘t count.“ A real strawman that has no bearing on how wealth works. So your “truth” is irrelevant.

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