- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
Since Trump’s second-term inauguration, five top billionaires have lost a combined $209 billion as markets react to policy uncertainty.
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Elon Musk’s net worth plunged $148 billion as Tesla shares collapsed amid declining European and Chinese sales.
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Jeff Bezos lost $29 billion as Amazon stock fell 14%.
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Sergey Brin’s fortune dropped $22 billion following Alphabet’s weak earnings and regulatory pressure.
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Mark Zuckerberg and Bernard Arnault each lost $5 billion as Meta and LVMH stocks tumbled.
The S&P 500 is down 6.4%, reversing gains seen post-election.
So what? It’s not like their bank accounts got affected. Their shares are valued less which means they did not loose money but the lost money they could have had.
They lost pretend money that could be used for business loans that they don’t need because they have so much pretend money. The only time it matteds for these parasites is if it happens when they are acquiring another company worth billions of pretend monies.
Even a stock market collapse is a benefit to these chucklefucks.
The only time it matters for them is when an Italian plumber shows up to collect their debt.
Everything‘s on discount for them now! Time to buy up some cheap stock and failing businesses.
They win no matter what.
Always stood by for, with (fake) money you can make more (fake) money.
The issue is mostly getting towards that money first for us normies who aren’t born into RNG.
Matters at least a bit. For instance, Musk has signalled his interest in buying OpenAI. He will find it far harder to get the money for it now that Tesla shares have nosedived.
More generally with Tesla it is difficult to make a business case for the existence of the company right now, since Musk alienated his entire potential consumer base. I wouldn’t be surprised if the company gets sold into parts in the text two years or so.
sam ALTMAN doesnt seem interested in selling it to him, musk wants to lead in AI research for some reason, since he has nothing show for it. Thiel is the other competitor with"PALINTIR and anduril"
they still have billions stashed somewhere and could buy up things on the cheap/.
They basically use that “money” as collateral for low interest loans. So it impacts how much they can physically buy. It’s a good thing.
Some of them (ahum you know which one) did lose actual value: the entire credibility of their biggest brands are down the drain for years to come… In that way the stockprices do really show that they are losing out. Some others really are losing (sort of) equal access to big important markets… The loss is real, even tho I agree with the sentiment of your post, the lowering stocks predict lowering income, lowering dividends which these people expect to rake in eternally to keep their billionaire lifestyle afloat, etc. They are slowly becoming less wealthy from the shennanigans. Not quick enough tho. A billionaire is a thing that just shouldn’t be allowed to exist ever anywhere.