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[–] 21 points 1 month ago (4 children)

IMO Zuckerberg is by far the dimmest bulb in his cadre of tech titans, and because he retains virtually complete control of his empire, Meta will flail—leglessly—from one failure to the next.

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  • [–] [S] 12 points 1 month ago (2 children)

    I feel like it's a tight race between Zucc and Elon

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  • [–] 12 points 1 month ago (1 child)

    I don’t really care, do you?

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  • [–] 8 points 1 month ago (1 child)

    So is money, like, pretend?

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  • [–] 3 points 1 month ago

    And how much does that set him back? Barely at all? This kind of money would be a city's budget elsewhere

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  • [–] 2 points 1 month ago

    That's chump change.

    Meanwhile, most people are two paychecks away from homeless.

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  • 6 comments in c/usa@midwest.social view that post
    [–] 11 points 1 month ago (1 child)

    Oh no, cry me a fucking river.

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  • [–] 10 points 1 month ago

    Nice. Do that every day for five years.

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  • [–] 9 points 1 month ago (1 child)

    Meta shares lost 4% after gaining 36% (according to the article) soooo... Clickbait?

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  • [–] 5 points 1 month ago

    This is just pointless lazy "news" and should be ignored. Imo this is actually harmful reporting as it takes up attention that could go to other things.

    You can make a variation of this story automatically every single day. "[Insert random billionaire who has his wealth concentrated in a single company (which probably are most)] loses/gains $X billion in a day" whenever the share price of a stock moves.

    It might sound like a lot, but practically it's irrelevant as they still have more money that could ever be used and their influence over things like e.g. the company is only tied to their percentage of ownership.

    Now if Mark Zuckerberg would lose or divest actual shares of Facebook that would be newsworthy, as it might change the level of control he has. But of course that isn't what happened.

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  • [–] 3 points 1 month ago

    It’s not real until it’s cash anyways. It’s leverage, but it’s not real money.

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