sanitation@lemmy.today to Technology@lemmy.worldEnglish · 7 hours agoSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comexternal-linkmessage-square29fedilinkarrow-up1233arrow-down13
arrow-up1230arrow-down1external-linkSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 7 hours agomessage-square29fedilink
minus-squareTribblesBestFriend@startrek.websitelinkfedilinkEnglisharrow-up13arrow-down2·5 hours agoNope. Since everyone bought his shares he got to keep their money
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up7arrow-down1·edit-24 hours agoBy that logic he’s not a trillionaire at all. They only sold 4% of the company for some 68 billion USD. A trillion dollars was never liquidated. Edit: 4.3% and 75 billion are the correct numbers.
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down1·edit-24 hours agoHe gets to borrow against the shares as if he has that trillion in cash.
minus-squareSaveTheTuaHawk@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·1 hour agoWhat moron bank would lend against no actual collateral.
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up1·3 hours agoYeah sure I also think that he is a trillionare at the moment. I was just trying to show that it’s absurd to say he has the money even if the stock price falls because he’s already liquidated it.
Nope. Since everyone bought his shares he got to keep their money
By that logic he’s not a trillionaire at all. They only sold 4% of the company for some 68 billion USD. A trillion dollars was never liquidated.
Edit: 4.3% and 75 billion are the correct numbers.
He gets to borrow against the shares as if he has that trillion in cash.
What moron bank would lend against no actual collateral.
Yeah sure I also think that he is a trillionare at the moment. I was just trying to show that it’s absurd to say he has the money even if the stock price falls because he’s already liquidated it.