• givesomefucks@lemmy.world
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    3 days ago

    No, because nothing matters except stock price.

    Musk’s companies aren’t evaluated based on their ability to sell products/services, they’re valued on hype.

    If he left any of his companies they would suffer drastic stock crashes which would likely kill the company.

    Oddly enough Silicon Valley does a really good job of explaining how wonky the math gets.

    “Normal” companies try to raise stock by making a product, these tech companies are basically exploiting glitch’s in the stock market. It’s why everyone else is losing.