451–460 of 638 posts
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lol just be glad it's something civil money, historically it was much worse. Also, what's up with this influx of very sheltered reddit-like comments? It's not even September yet.
my account is 11 months old, which invalidates your theory that i'm part of some recent influx. also is septemberism still a thing? i thought that went away when most people had home internet rather than getting it through a university.
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Turns out all the rules of our society are "hard limits unless someone with a lot of money disagrees at which point they become negotiable".
lol just be glad it's something civil money, historically it was much worse. Also, what's up with this influx of very sheltered reddit-like comments? It's not even September yet.
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Saw an interesting discussion on how capitalism has existed for as long as markets have existed, including ancient Greece, and how it inevitably leads to wealth inequality, monopolistic behavior, unsustainable resource extraction, and all the other negatives we see today. The only difference is that in Greece, all of these negatives would have been applied locally but now they're all being applied globally. Instead o…
I would more simply define that as "wealth inequality" rather than capitalism (or more broadly, power inequality) and perhaps go on to say that the real problem is that, while you can't realistically prevent/remove all inquality, most systems do a poor job of preventing the people with more money/power from using that to consistently increase their own share.
A stupid/naive question. Why does this affect SpaceX? They have their money(The IPO) Any third party trading value does not change that. Sure there may be individuals, officers of SpaceX who hold these instruments who will be negatively affective, but the company itself? My best guess, it makes it harder to get loans in the future.
> My best guess, it makes it harder to get loans in the future. Which is pretty important! It's my understanding that from all that money they raised during their IPO, a good amount of it went right back out the door again to pay off misc loans for the twitter acquisition. They may only have bought themselves 6 more months of time given their purported burn rate (mostly driven by AI investment), so they're going to n…
Currently 4.9% of the company is on the market.
Mid Aug... 15%...
40% by December.
Elon unlocks next June. Could be quite academic by then.
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Zuckerberg’s high vote shares convert to regular shares after he leaves or dies. His heirs will not continue to have super votes.
Don't worry, he will try to change the law before he passes this mortal coil. This is a person that has open disdain for the law and thinks he should be emperor of humanity.
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Guy was doing Nazi salutes at Trump's inauguration. If he wanted support from normal people, he should have remained within normal political norms, not do Nazi salutes. I don't think it is normal to expect sympathy after that, people will be revolted and would want him to fail. They should not be judged for this opinion, it's pretty vanilla. Normal people still carry conscience, an innate justice system. Otherwise we…
The fact that people like you are still pushing the subjective salute thing as incontrovertible fact makes it hard to find any common ground. Serious people in the media, even the ones heavily biased against Elon, don’t harp on it the way online people do.
There's a pattern here. The man's brain was utterly broken by the social media platform he bought, and he's an overt fascist at this point.
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> Try actually defining capitalism in a way that doesn't apply to basically any random society since the dawn of agriculture. .. feudalism? Which, AFAIK, lasted much longer, and is just not the same thing?
History.com says: > Feudalism is a term often used to describe the social, economic and political conditions that existed in Western Europe during the Middle Ages. At its core, it was a system in which a landowner, or lord, granted a piece of land called a fief to a subordinate known as a vassal. In return, the vassal pledged loyalty to the lord, providing labor, military service, payments—or a mix of these. And then…
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So, the inclusion rules are basically "these are the hard limits that specify which stocks are eligible, unless someone really big and lucrative comes along, in which case it's whatever and we'll just adjust the rules to make them eligible"?
I think the rules are there are hard limits unless a multi-trillion dollar company IPOs with a significant absolute float, in which case tracking the "market" obviously includes said company.