cross-posted from: https://piefed.world/c/shit/p/1191421/that-feeling-when-you-convince-everyone-your-companies-are-worth-25x-their-annual-revenu
::: spoiler Mirrors
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cross-posted from: https://piefed.world/c/shit/p/1191421/that-feeling-when-you-convince-everyone-your-companies-are-worth-25x-their-annual-revenu
::: spoiler Mirrors
:::
86 Comments
CIA_chatbot@lemmy.world · 55 pts · 69d
Man this is great! My theory is the simulation ends when the first person hits a trillion. If that’s the case then this hellscape is almost over everyone! Someone finally won the damn game and we can all log out!
aeronmelon@lemmy.world · 24 pts · 69d
Somebody’s been watching Sword Art Online.
garbage_world@lemmy.world · 9 pts · 69d
CIA_chatbot@lemmy.world · 24 pts · 69d
Yea, we should be getting the server is going down message any time now, right? …. Right guys?
guys?errer@lemmy.world · 17 pts · 69d
incompetent@programming.dev · 2 pts · 68d
I love Don Hertzfeldt's stuff! Thanks for reminding me. It's been a while since I've watched any of his animations.
Zink@programming.dev · 3 pts · 68d
The admins have decided that most of us can take so much more absurdity before we break. This experiment is sick, I tell you.
CIA_chatbot@lemmy.world · 2 pts · 68d
Shits starting to feel like the Stanford prison guard experiment
Tryenjer@lemmy.world · 2 pts · 68d
The game rules were written using the long scale, so the guy is actually becoming the first billionaire.
Fafa@lemmy.world · 1 pts · 68d
You mean that's his mob drop?
Bratosch@lemmy.world · 5 pts · 69d
Aahh man so then we all gotta start fresh on a new server? Geez never a relaxing moment
CIA_chatbot@lemmy.world · 9 pts · 69d
I’m ready for a new game - this one sucks
_stranger_@lemmy.world · 10 pts · 69d
monkey paw: New Game +,
CIA_chatbot@lemmy.world · 10 pts · 69d
ViscloReader@lemmy.world · 5 pts · 68d
No health Regen this time, every scratch bleeds you to death. You can still keep your stuff from the previous game 😘
Rusty@lemmy.ca · 4 pts · 68d
That just liife at 40.
CIA_chatbot@lemmy.world · 1 pts · 68d
Logoutlogutlogoutlogoutlogout
WorldsDumbestMan@lemmy.today · 2 pts · 68d
O well, I'm not skipping Bitcoin this time!
Bratosch@lemmy.world · 3 pts · 69d
Yeah this one is so buggy and I swear I have like 2000ms
wonderingwanderer@sopuli.xyz · 3 pts · 68d
That was the case, but they got a new grant and now the simulation goes to quadrillion
PhoenixDog@lemmy.world · 3 pts · 68d
Holy fuck your mod log is... Christ...
wonderingwanderer@sopuli.xyz · 1 pts · 68d
Mostly from people overreacting and misattributing malice. Literally some of the most innocuous shit gets misinterpreted and then things spiral
PhoenixDog@lemmy.world · 1 pts · 68d
I dunno man, as someone married to trans person, who also has a girlfriend who's transgender, you're kind of a straight up asshole.
wonderingwanderer@sopuli.xyz · 1 pts · 68d
Based on what are you making that judgement? A series of truncated comments out of context? Because that's basically all you can see. You don't have a clue what I was saying other than that. So you're just taking the mod's word for it that I was being transphobic, and that the mod wasn't just overreacting?
Literally nothing I said in that entire exchange was transphobic, but I got attacked with a series of strawman arguments by people assuming what I was trying to say. Kinda like you're doing now. See how easily that happens?
CIA_chatbot@lemmy.world · 1 pts · 68d
God damnit!
rollerbang@lemmy.world · 2 pts · 68d
A theoretical trillion or a real trillion though?
krisevol@lemmus.org · 1 pts · 67d
On paper by market cap. So in reality a few billion.
redsand@infosec.pub · 2 pts · 69d
MBS has been there for a while
CIA_chatbot@lemmy.world · 1 pts · 68d
MBS?
redsand@infosec.pub · 2 pts · 68d
Saudi Arabia's king.
MajinBlayze@lemmy.world · -1 pts · 69d
Indistinguishable from people who say we need to create greater Israel so that God ends the world
CIA_chatbot@lemmy.world · 5 pts · 69d
Well that’s a huge reach off of a shit post.
MajinBlayze@lemmy.world · -1 pts · 69d
Taking that awfully seriously for a shitpost
ExLisper@lemmy.curiana.net · 25 pts · 68d
Etterra@discuss.online · 2 pts · 68d
Needs more Joker. Not the meme, the literal, actual Joker.
ProfThadBach@lemmy.world · 20 pts · 69d
When this bubble pops we are all fucked.
Shellofbiomatter@lemmus.org · 11 pts · 68d
Not everyone, just the avarage person. Billionaires will be just fine and completely safe frome the consequences.
amda@feddit.nl · 3 pts · 68d
They'll probably make way more money still, somehow
brucethemoose@lemmy.world · 18 pts · 68d
My controversial opinion:
We did this with sci-fi.
Too many people think their future actually looks like Star Trek or Mars terraforming movies or whatever, and buy Musk’s claim he’s going to make humanity an interplanetary race.
But it doesn’t work like that.
Space travel is impossibly hard. It is just impractical for human bodies, as they exist now, outside of specific scientific missions. Physics dictates that it is expensive. Quantify it, and basically, civilization woukd have to advance to a point where our Earth problems are already trivial to even begin mass manned space travel.
Don’t get me wrong, I’m all for drone work in space, crazy science missions, and beautiful, hopeful speculative sci fi.
But I feel like the population needs a cold bucket of water. Space travel is not going to save us; Earth is all we got for now.
RememberTheApollo_@lemmy.world · 4 pts · 68d
As proven by the voting public, too many people live in a fantasy land where the impossible is possible, like making lying cheaters into honest presidents. I don’t understand what benefit anybody thinks they could get from a space station on Mars. It’s not like they’re gonna get to live there or get any of the benefits from it. It must be the same people that refused to place any restrictions on Billionaires, like taxes, somehow they think a billionaire base on Mars is good for them.
brucethemoose@lemmy.world · 4 pts · 68d
That’s exactly what they think. They literally think Elon Musk is going to take them to Mars and automate work with AI robots and such, because nothing in their information sphere ever contradicts it.
It’s not fair to expect the average person to understand orbital mechanics, but putting them in an information bubble like Musk has is not fair to them.
RememberTheApollo_@lemmy.world · 4 pts · 68d
It would probably work out better for everybody if he actually did take them to Mars.
TheDuke@europe.pub · 3 pts · 68d
True, but at this point, I'm not sure if we even deserve the earth we are on.
ZkhqrD5o@lemmy.world · 18 pts · 69d
The face of delight.
_stranger_@lemmy.world · 23 pts · 69d
"Am I shitting my pants right now or is someone else shitting them?"
ZkhqrD5o@lemmy.world · 9 pts · 69d
Donnie is understandably mad that Elon interrupted his work-time nap.
marcos@lemmy.world · 16 pts · 69d
You mean Tesla, right?
Because SpaceX just got 25% over their 94x guess...
Mulligrubs@lemmy.world · 14 pts · 69d
I have no economic knowledge or trading ability, here's my very important prediction...
...this is a huge rug pull and the billionaires in on it are going to make a lot of money.
boonhet@sopuli.xyz · 1 pts · 68d
The trillionaire. He's a trillionaire now.
TheDuke@europe.pub · 14 pts · 68d
The thing is - no matter how rich he'll ever be or how much power he'll get. He is, and forever will be, one of the biggest fucking losers this world has ever seen.
This gives me enough comfort to sleep at night.
SkunkWorkz@lemmy.world · 6 pts · 68d
Hitler was also a loser before he went to war with the world. This fucking loser has enough money to fund his own army and start a war. Dude already has the tech to create ballistic missiles. Yeah he is a loser but also dangerous because of his enormous wealth.
randoot@lemmy.world · 6 pts · 68d
Also just absolutely miserable. It makes me warm knowing the dipshit feels constantly inadequate and constantly alone.
Etterra@discuss.online · 11 pts · 68d
PhoenixDog@lemmy.world · 3 pts · 68d
It will never not be funny to me that most white supremacists look like their mom drank bleach in order to abort them.
incompetent@programming.dev · 6 pts · 68d
Behold, the master race:
Etterra@discuss.online · 2 pts · 68d
Damn. That's the face of a man that aliens would take a look at and go nope not abducting this one.
Casterial@lemmy.world · 11 pts · 69d
And if their value drops, just have your other company bail them out for triple their value and make your company double in value! Woooo!
Legonatic@lemmy.world · 8 pts · 69d
I don't think the average trader is convinced of this at all. I think they just know to buy in early to ride the hype, then sell it once the hype dies down. Short term gains.
hemko@lemmy.dbzer0.com · 8 pts · 69d
I wish Elmo will be the first trillionare to be shot in the neck
krisevol@lemmus.org · 0 pts · 67d
Disgusting human your are
garbage_world@lemmy.world · 7 pts · 69d
PeriodicallyPedantic@lemmy.ca · 2 pts · 68d
For a startup.
When you have a virtual monopoly and are the company with the world's highest valuation, you shouldn't be in growth mode anymore. This valuation is bananas
humanspiral@lemmy.ca · 1 pts · 68d
spaceX has negative earnings and cashflow. They are going by price to revenue ratio, including about half the revenue being inflated datacenter rental rates from Anthropic and Google (large SpaceX shareholder) that let them cancel at any time. 75 price to revenue ratio is much higher than previous record that was facebook IPO. Facebook was just a web site that serves ads. Less than $1/user in computing hardware. AI is $30 to $300 hardware costs per user... assuming there are a lot of users. The other absurdity in Spacex prospectus is a $26T enterprise AI total addressable market. Even if true, grok's share going up has no basis in reality.
Folstar@lemmus.org · 7 pts · 68d
It really is the roaring 20s all over again! Hell yes! Even have Republicans in charge of everything again! Party like it's 1928!!! /s
frightful_hobgoblin@lemmy.ml · 6 pts · 69d
What is the normal ratio of annual revenue to valuation?
flamingo_pinyata@sopuli.xyz · 15 pts · 69d
10x is considered normal for big corpos.
For growing companies and startups with (perceived) bright future it can go up to 40x, but only for a short time during initial growth stage.
Edit: SpaceX P/E ratio at the IPO is 94. Which is insane.
PostProcess@lemmy.world · 8 pts · 69d
Nvidia trades at x22
TropicalDingdong@lemmy.world · 7 pts · 69d
10x
marcos@lemmy.world · 4 pts · 69d
Something bellow 4. Something bellow 7 in industries that need a lot of capital to make a little revenue.
garbage_world@lemmy.world · -3 pts · 69d
marcos@lemmy.world · 2 pts · 68d
Everybody here is talking about P/S, not P/E.
SpaceX P/E is negative.
humanspiral@lemmy.ca · 1 pts · 68d
It's not a useful metric because some companies have high margins (perfume, advertising, software) and some have low margins (grocery stores, space launches), and mandatory huge capital/cash reinvestment (AI, space launches). The reason to use a multiple to revenue is because of unprofitability. But all stock price is a function of profit and expected profit growth rate.... usually.
WanderWisley@lemmy.world · 6 pts · 68d
All that money and he can’t even buy a friend, love, or the attention of his many children.
nullspace@lemmy.world · 5 pts · 68d
The worst thing is everyone's 401k is gonna be left holding the bag.
WorldsDumbestMan@lemmy.today · 2 pts · 68d
I called it way WAAAAY before Trumpocalypse. I said "they shut down services and fuck over customers all the time, why not fuck over a frail old man, who then won't have the money for a lawyer?".
Platinum bars are the only retirement plan worth investing in.
nullspace@lemmy.world · 2 pts · 68d
Man, all this time the BUY GOLD grandpas were right.
green_goglin@thelemmy.club · 4 pts · 69d
It’ll tank once it’s absorbed into the Nasdaq 100 in a few weeks.
PeriodicallyPedantic@lemmy.ca · 1 pts · 68d
Don't bet in it. The market isn't rational. Look at Tesla's current valuation compared to companies like Toyota.
green_goglin@thelemmy.club · 1 pts · 68d
Worth a put spread imho
PeriodicallyPedantic@lemmy.ca · 2 pts · 68d
I actually saw a recent interesting video giving more credence to this being a scheme to offload his bad debt:
Exchanges are all lowering their entry barriers for retail investors to buy the stock, but increasing their barriers for selling the stock quickly, which basically means that clueless retail investors (who get an unusually large share reserved for them) are allowed in but have the door shut behind them, end up left holding the bag.
But still I wouldn't bet on the market being rational
criss_cross@lemmy.world · 2 pts · 68d
Problem is you have to figure out when the market stops being rational.
A lot of hedge funds can know that a stock is worthless, but they’ll lose their house in puts if they can’t time it right.
green_goglin@thelemmy.club · 1 pts · 68d
indeed
flop_leash_973@lemmy.world · 3 pts · 68d
It really does amaze me how so many people give him the time of day. I'm not sure his presence in any venture has been a net positive for them at the end of the day.
Every company he has ever touched succeeded at what they were doing despite his constant fuckery.
randoot@lemmy.world · 3 pts · 68d
Here's my theory; the volume of trading was tiny, Yahoo finance says $500M. This is chump change that any of the billionaires that bought into X can throw in without thinking about it. What's stopping these people from propping up the value up until they can get it into the index funds and then dumping the bag on the consumer? Nothing.
Mulligrubs@lemmy.world · 2 pts · 69d
This debt economy with the Fed and those appointed to it may have some slight flaws
Hmmm, let's get a few more bankers on it, maybe print some more money just to be safe
Itdidnttrickledown@lemmy.world · 1 pts · 68d
Short it and short it often. If enough people did it would really suck for the doge nazi.
DrDickHandler@lemmy.world · 4 pts · 68d
Please have at least some knowledge of how the stock market works before uttering bullshit.
Itdidnttrickledown@lemmy.world · -2 pts · 68d
I do pud puller.
Edit: I know, I know it should have been Nurse Pud Puller.
Bluefalcon@discuss.tchncs.de · 1 pts · 69d
Be careful, player two will tap in.