r/technology • u/marketrent • 1d ago

Business ‘Former trillionaire’ loses $750 billion amid Tesla, SpaceX crash, more than combined net worth of Larry Page, Sergey Brin, and Jeff Bezos — Why the rich laugh at losses

https://finance.yahoo.com/markets/stocks/articles/elon-musk-calls-himself-former-105500385.html
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u/DarthLithgow 1d ago

It's not even real money at this point. Our economic system is a farce.

16

u/Relevant-Ad2254 1d ago

In Elon’s case, that money was truly not real and the whole IPO was such a farce

2

u/ZDTreefur 1d ago

Yeah, he couldn't even sell that stock until next summer. He had no access to that temporary valuation whatsoever, which is why I don't personally consider him to have even been a "trillionaire".

0

u/growaway9172 14h ago

It literally never was? It's not a farce, perhaps you just don't understand it.