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Buckle up!
(lemmy.nz)
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this post was submitted on 16 Oct 2026
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Lots of coders on lemmy. Anyone want to make one of those tracker websites for how much money Elon musk has lost based on his stocks decreasing in value? I have a feeling it will be relevant soon.
stock market values aren't real so why bother?
It's real. The way they get their money to spend is by taking loans out with the stock as collateral. So when it goes down he has less money to spend fucking with society.
Also, there has to be a limit as to how low the stock can go until the lenders start asking for payments or more collateral. I'm salivating over the thought that that limit is breached one day and Musk and his buddies get a cold shower. The stock price might have to go pretty low though, but there's a chance and I'm rooting for it.
He has been probably adding more collateral every time the stock goes bellow the value at lending time.
Yeah, and now he has also SpaceX stock to use as a collateral, with an absurd valuation.
Retirement is also just a phantasy