• Ð Greıt Þu̇mpkin@lemm.ee
    link
    fedilink
    English
    arrow-up
    203
    ·
    7 months ago

    So how does this man being an executive officer not immediately send a company’s stocks into the shitter at this point?

        • Nollij@sopuli.xyz
          link
          fedilink
          English
          arrow-up
          34
          ·
          7 months ago

          The CEO is chosen by the board, which is chosen by the shareholders. The shareholders have the ultimate power, if they can unite on a goal/decision. Overwhelmingly, the only thing they can agree on is that they want to make the most money. They often can’t even agree on how to go about that.

          So, the board won’t fire him because the shareholders won’t force it. The shareholders won’t force it because they want the most money, and musk as CEO seems to be the best path, or at least not a problematic one.

          As for how that can be, it gets into how absurd Tesla stock is in the first place. There was a period where Tesla’s market cap (total value of all shares) was higher than the entire rest of the auto industry combined. This was despite having no feasible path towards that level of production, and even growth in general wasn’t looking too hot.

          • radicalautonomy@lemmy.world
            link
            fedilink
            English
            arrow-up
            5
            ·
            edit-2
            7 months ago

            “Tesla shareholders are money-hungry idiots” is what I got out of that. They are like Lenny…when shit goes south, they just keep holding on tight, no matter how much worse they make things, until next thing you know Curlys’s wife is dead.

            (No offense meant to those with brain damage…the poor decisions they make are understandable and not their fault, of course. And I know that phenomenon isn’t unique to Tesla shareholders.)

    • barsquid@lemmy.world
      link
      fedilink
      English
      arrow-up
      23
      ·
      7 months ago

      I don’t know if this explains the entire price but we have all seen his securities fraud on Twitter.

    • zcd@lemmy.ca
      link
      fedilink
      English
      arrow-up
      19
      ·
      edit-2
      7 months ago

      There’s money to be made when you know a company is going to tank. In fact there are people who specialize in bankrupting companies. When rich people commit fraud they don’t get in trouble

  • ulkesh@lemmy.world
    link
    fedilink
    English
    arrow-up
    174
    arrow-down
    2
    ·
    7 months ago

    He’s a hypocrite, and a piece of shit. Stop listening to him. Stop reading his tweets. Stop giving him any attention at all. He’s dirt under our boots and deserves nothing more.

    • Scotty_Trees@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      7 months ago

      I use a filter on Mastodon so I can limit how much Elon Musk headlines I see. People love to talk about him, I mean here we are…but at least with the filter I can tune out the noise most of the time. It’s blissful. A shame there’s no filters (that I know of) on Lemmy to hide asshats like this. I already know Musk is a POS, I don’t need to see a dozen articles every single day to remind me…

      • QualifiedKitten@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        7 months ago

        Some of the Lemmy apps have keyword filters. I’m using Thunder, but I know some others have it too. No clue if there’s anything for desktop though.

      • morriscox@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        7 months ago

        Eternity, Boost, and Connect have a post filter option. Which client are you using? It’s Muted Words on Boost.

  • Ech@lemm.ee
    link
    fedilink
    English
    arrow-up
    108
    ·
    7 months ago

    Gonna find out real quick that Apple is more important to people than Twitter.

  • Lost_My_Mind@lemmy.world
    link
    fedilink
    English
    arrow-up
    89
    arrow-down
    6
    ·
    7 months ago

    Me: Hates musk.

    Also me: dislikes Apple.

    Still me: See’s this story as Musk doing another stupid thing to kill more business on both ends.

    Finally me: Yessss…this news pleases me.

  • thejml@lemm.ee
    link
    fedilink
    English
    arrow-up
    70
    ·
    7 months ago

    What does he think, Apple is going to release a keynote tomorrow with Tim Cook saying “ah, my bad, Elon doesn’t like it so we’re rolling it back”. And if he blocks Apple devices from Viewing Xitter, they’ll finally move on to other platforms which will potentially cut his user base in half.

    • tankplanker@lemmy.world
      link
      fedilink
      English
      arrow-up
      18
      arrow-down
      1
      ·
      7 months ago

      Musk banning Apple devices with how popular iPhones are to use twitter would hurt Musk more than it would hurt either Apple or OpenAI so it just sounds like a win win.

      • e$tGyr#J2pqM8v@feddit.nl
        link
        fedilink
        English
        arrow-up
        12
        ·
        edit-2
        7 months ago

        He’s saying he’ll ban them from his company, like employees in offices. He’s not saying he’ll ban users from using Apple devices.

    • CileTheSane@lemmy.ca
      link
      fedilink
      English
      arrow-up
      13
      ·
      7 months ago

      I can hate both things, and this move isn’t good for either one of them so I consider it an absolute win.

    • TurtleJoe@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      7 months ago

      Musk raised $6 billion in a recent funding round for his would-be OpenAI competitor, xAI, whose first product, Grok, is meant to serve as a politically incorrect answer to ChatGPT. In addition to Tesla, SpaceX, and xAI, Musk is founder of brain interface startup Neuralink and tunneling venture Boring Company.

      Seems pretty straightforward to me.

    • Psythik@lemmy.world
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      24
      ·
      edit-2
      7 months ago

      Lemmy seems to hate any new technology, I’ve noticed.

      Personally I’ve found GPT to be extremely useful as a search engine replacement, especially the implementations that cite their sources. That way you can actually fact check instead of wondering if it’s a hallucination. It helps me rely on reddit a lot less to find answers. I love that it’s being integrated with Windows. Makes finding files a lot easier, even easier than using Everything search.

      Lemmy also hates crypto. They call it a scam, despite the fact that it’s now being traded on the stock market (BTC and soon to be ETH). I turned $12k into $36k, just by buying small amounts of BTC every paycheck since COVID started. I buy everything with crypto; there are Visa debit cards you can use to spend it. Crypto gave me enough financial wiggle room that I no longer worry about losing my job. Yet it’s a “scam”. Give me a fucking break.

      Lemmy hates HDR. Every time I mention the reason why I haven’t switched to Linux yet is because of poor HDR support in KDE, I get ridiculed. “Why would you want your monitor brighter and more colorful? Mine’s bright and colorful enough”, failing to realize just how much more realistic “brighter and more colorful” makes an image appear. With a proper 1000 nit OLED display, it feels more like looking out of a window than staring at a monitor. Like going from a black and white to color TV. One of those things that you can’t go back on once you get used to it.

      And although not a new technology, per se don’t even get me started on how much Lemmy hates cars. But I feel like I’ve ranted on long enough so I’m just going to stop talking here before my inbox blows up.

      • stoy@lemmy.zip
        link
        fedilink
        English
        arrow-up
        21
        arrow-down
        4
        ·
        7 months ago

        You are absolutely wrong.

        GPT: Yes it is very usefull, but it got that usefull by being trained on data that user’s would not accept if they knew about it.

        Crypto is a scam, the only reason it hold any value is because other people belive it holds the value. The data that is mined is absolutely useless, it is litteraly a stribg of numbers in a very particular order that serves no other fuction other than to represent itself. Crypto is insanely power inefficient and is slow to transfer money.

        HDR is comming, it takes time, yes, in the mean time, HDR is a nice to have, it is not a critical peice of technology, stop bragplaining about your nice monitor and just ignore the threads about why you have not switched yet.

        Hating cars is not Lemmy specific, but a growing sentiment of younger generations fewling hopeless for their future when pollution doesn’t stop, and public transport is a feaver dream for the younger generations in the US. Just block the fuck cars community and move on.

        • cronosisma@feddit.it
          link
          fedilink
          English
          arrow-up
          11
          ·
          7 months ago

          I would add for crypto (as for the stock market): I am happy for you and the gain that allows you to be more financially serene (which should not be obtained with the effort of a monetary investment: financial security should be guaranteed to everyone regardless of economic conditions or the ability / luck to invest money);

          however the problem with crypto is that they do not invent anything new from a macroeconomic perspective, it is only the stock market that has found a new way to scam people, that is:

          • we will call scam any increase in value of anything done to the detriment of another person: the world system is a zero-sum system

          • we will call scam something that given its fictitious nature < such as crypto, stocks, government bonds> has no or very little correlation with the real economy but has the purpose of convincing investors to lend money.

          • we will call scam anything that is created with the sole purpose of earning money through the investment of money (therefore considering the economy as a sort of meta-economy), a game that holds up as long as people believe in it, differently from industrial capitalism, the IT one makes it even easier to produce fake wealth: create ever new and less innovative consumer goods (apps, devices, operating systems, etc…) closed in a walled garden and thanks to “capitalism as a service”, sell everything via subscription.

          • we will call scam any product, physical or not, that requires for its production an amount of resources that is not realistic for the capacities of the planet and is therefore not, in fact, sustainable in the long term

        • Psythik@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          2
          ·
          7 months ago

          The same argument you made against crypto can also be made for USD: it only holds value cause people say it does. I rather go with a currency that isn’t subject to inflation. Furthermore, if you don’t like the energy usage, then don’t buy a Proof of Work coin. Buy a Proof of Stake coin instead, like ETH, and rest easy knowing that you’re not harming the environment.

          But hey, if you want to be poor for the rest of your life, that’s on you. I choose to break free from USD so that I actually have a chance at a future.

          HDR has been around for over a decade now. Linux devs are just lazy. It is in fact, a critical piece of tech once you get used to it. Like I said, from going from B&W to a color TV. HDR monitors are not expensive. Even the cheapest Walmart brands have HDR now.

      • atocci@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        ·
        7 months ago

        I think I’ve mentioned the HDR issue in every comment I’ve made about my attempts to daily drive Linux, but I’ve never seen anyone get mad about it. It’s also not the make it or break it issue that’s keeping me from switching full-time though.

        • xavier666@lemm.ee
          link
          fedilink
          English
          arrow-up
          3
          ·
          7 months ago

          Most of the comments about HDR on Linux is

          • “Yeah, that’s a weakness of Linux”
          • “Yes, it’s being worked upon. Hope it comes soon”
          • “Some distro X has partial support for it”

          I’ve never seen anyone become mad, both on reddit and Lemmy

  • Zeppo@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    57
    arrow-down
    1
    ·
    7 months ago

    Ah, they guy who tried to get Paypal to switch to running on Windows strikes again.

    • MindTraveller@lemmy.ca
      link
      fedilink
      English
      arrow-up
      10
      ·
      7 months ago

      I hate paypal because they’re transphobic.

      See, I made a paypal account long after changing my legal name, and I made the account under my current legal name. They asked for a birth certificate to prove my identity, so I gave them one. I have an amended birth certificate from when I changed my name that lists both my deadname and my current legal name. When Paypal saw my birth certificate, they changed the name on my account to my deadname, even though the paperwork clearly stated it wasn’t my legal name. When I complained to them, they told me I had to submit change of name paperwork to change the name on my account. Well I never changed my name while I had a paypal account! They did! I just wanted it un-changed to what it was before. If I need to submit change of name paperwork to fix their mistake, why didn’t they need paperwork to change it away from my legal name in the first place?

    • Nougat@fedia.io
      link
      fedilink
      arrow-up
      15
      ·
      7 months ago

      Or like the one at my house, takes up a roost in a hanging flowerpot and refuses to leave even when you take the flowerpot down to do planting.

      (Yes, this is happening right now, no we did not disturb mama bird’s nest, no need to send in the feds.)