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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

Among Polymarket bets in 2024 that got massive volume
  • Is Elon Musk Satoshi Nakamoto?
  • Will Luigi Mangione mention “bitcoin” in his manifesto?
  • Will Dump say "tampon” on the campaign trail?
  • How many times will Elon Musk tweet within a given week? (ongoing)
  • Will Dump do a podcast with Hawk Tuah Girl?
  • Is the Earth flat?
 
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Handyman said:
You can bet on anything on Polymarket...and if it isn't they're you can do it yourself.

Unless Trump caves or the Senate GOP caves on nuking the filibuster I don't see a way this ends by Thanksgiving.
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Why ya discounting the senate Ds caving 🤔
 
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And

bsky.app

Jeff Horwitz (@jeffhorwitz.bsky.social)

Meta earns $3.5 billion every six months from showing Faceboon and Instagram users 15 billion “higher legal risk” scam ad impressions a day, internal documents state. That haul vastly exceeds how much the company expects regulators To fine it for running scam ads...
bsky.app bsky.app

These people are a deadly combo of evil and stupid.
 
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David Kluft (@dkluft.bsky.social)

#LegalEthics Tidbit: OK, #AI is not reliable for legal research. But it’s really good at accurately summarizing documents, right? RIGHT!? In response to a summary judgement motion, a TX plaintiff’s lawyer wanted to submit a witness affidavit that compared ... (cont.) lnkd.in/ePra8vFB #lawsky #law
bsky.app bsky.app
 
It was down this morning. I looked when I was told I wasn't supposed to look. It had been a while since I had looked so I was curious. Been pretty stagnant the last month or so I am guessing based on what I saw today.
 
400 points is -0.8%. It's nothing. The market is at 46k. This is not 1987.

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For the market to tie Black Monday today it would need a single day drop of 9k points.
 
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FadeToBlack&Gold said:
In news that will shock no one, Elmo's $1T pay package has been approved. :rolleyes:
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Even if that is worthless, the idea that you can pay someone 10x the amount of revenue a company has is insane. This after offering him more than all the revenue the year prior.

I would seriously second guess a company who wants to reward the leader more money than the company is capable of bringing in by sales. Let alone the fact that they are entering the realm of the rest of the car industry where growth is incredibly limited. And ignoring the huge liabilities that should come close to wiping out all of their profits- some of which are due to the leader's mouth telling a jury that the cars are more capable than they really are.

It's a cult, not a company.
 
MichVandal said:
Even if that is worthless, the idea that you can pay someone 10x the amount of revenue a company has is insane. This after offering him more than all the revenue the year prior.

I would seriously second guess a company who wants to reward the leader more money than the company is capable of bringing in by sales. Let alone the fact that they are entering the realm of the rest of the car industry where growth is incredibly limited. And ignoring the huge liabilities that should come close to wiping out all of their profits- some of which are due to the leader's mouth telling a jury that the cars are more capable than they really are.

It's a cult, not a company.
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1) is a trillion dollars over 10 years.
2) he’s clearly trying to bilk the company he bought for all he can before it’s forced to close shop due to, well, him being the face of the company. Look at the used market for his pet truck.
 
MichVandal said:
Even if that is worthless, the idea that you can pay someone 10x the amount of revenue a company has is insane. This after offering him more than all the revenue the year prior.

I would seriously second guess a company who wants to reward the leader more money than the company is capable of bringing in by sales. Let alone the fact that they are entering the realm of the rest of the car industry where growth is incredibly limited. And ignoring the huge liabilities that should come close to wiping out all of their profits- some of which are due to the leader's mouth telling a jury that the cars are more capable than they really are.

It's a cult, not a company.
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Is it by choice? Didn't his initial pay package get refused and a court said Tesla had to "reconsider" and then it was approved? This was like 2022 or something. Or is this coming from my Swiss Cheese memory?
 
St. Clown said:
1) is a trillion dollars over 10 years.
2) he’s clearly trying to bilk the company he bought for all he can before it’s forced to close shop due to, well, him being the face of the company. Look at the used market for his pet truck.
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That's still more compensation than revenue for 10 years. I don't think T has ever had 100M in revenue, let alone profits.

I know he's trying to bilk the company, which is why I don't get Wall St keeping him propped up with high value. That ends up being most of the market cap in his name.

(and don't get me started why T is valued that much when they have a celling that every other car company has- T is way over 20x the market cap of Ford, who makes and sells WAY more product than T does- one thing that bugged me since elmo got his company going - I really hate how economics has shifted under r's in charge- the chase for shareholders is really the death of the US business)
 
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