Business/Markets/Stocks/Economics Random, Random

[ponchi101]

I can see Tesla going down a bit. Somebody must have figured out that for a company that relies so much on the personality cult, the guy is no longer the environmental knight in shining armor but what he has always been. So, sales may dip a little.
But Amazon down -3%? That makes no sense, unless you are counting on a major economic crash that will not let people do their daily shopping for things they really don't need.

[Suliso]

Looking at short term stock valuation changes is simply stupid. There is no explaining such up and down moves. It has to be at least a year.

As for Tesla it is grossly overvalued as a car company. Investors are hoping (rationaly?) that it will be a dominant AI and robotics company.

[Owendonovan]

Looking at short term stock valuation changes is simply stupid. There is no explaining such up and down moves. It has to be at least a year.

As for Tesla it is grossly overvalued as a car company. Investors are hoping (rationaly?) that it will be a dominant AI and robotics company.

I've seen a few instances of tesla's being vandalized with painting of male reproductive organs. Seems like this or something similar could catch on given how people feel about him.

[ti-amie]

r/law
•
12 hr. ago
[deleted]

Molly White -'Elon and Andreessen's Attacks on the Consumer Financial Protection Bureau/FDIC are due to it preventing Crypto currency companies from having Bank accounts, these companies are flagged for high risk or Fraud, they claim this process "debanks" them for being "conservatives" '

LaserCondiment
•
11h ago
Crypto meshes with the political ideologies of the new far right, which Thiel, Musk and Vance are part of.

DOGE’s Millions: As Musk and Trump Gut Government, Their Ax-Cutting Agency Gets Cash Infusion From the article, in a paragraph about new DOGE members:

One of the names newly added to the tracker, Katherine Armstrong Loving, is the sibling of crypto executive Brian Armstrong, who runs the industry leader Coinbase. Coinbase donated $1 million to Trump’s inauguration fund, and Armstrong met with Trump to discuss appointments to administration posts, according to The Wall Street Journal.

It's also why this propably happened: Coinbase Says S.E.C. Will Drop Crypto Lawsuit

But since we are talking political ideologies... Meet Curtis Yarvin, he's the connective tissue between those guys. What Yarvin wants: dark enlightenment based on anarcho capitalism

They want to replace government institutions by private corporations. Split up the country into city states that are run like corporations (gov-corp), governed by a monarch / CEO. No voting rights for the inhabitants, only the possibility to “vote” via “exit” by physically leaving.

Dark Enlightenment - European populism studies

Underground movement that wants to destroy democracy

Further reading: Peter Thiel JD Vance connection to Thiel

Paypal Mafia

Paypal's roots in Apartheid

Elon boosting far right politics