That feeling when you convince everyone, your companies are worth 25x their annual revenue, for the fourth time
5d 2h ago by piefed.world/u/beep in lemmyshitpost from mb24.cdn1.maribor24.si
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!
Somebody’s been watching Sword Art Online.
Elon Musk is already worth over trillion
Yea, we should be getting the server is going down message any time now, right? …. Right guys? guys?
I love Don Hertzfeldt's stuff! Thanks for reminding me. It's been a while since I've watched any of his animations.
The admins have decided that most of us can take so much more absurdity before we break. This experiment is sick, I tell you.
Shits starting to feel like the Stanford prison guard experiment
The game rules were written using the long scale, so the guy is actually becoming the first billionaire.
You mean that's his mob drop?
Aahh man so then we all gotta start fresh on a new server? Geez never a relaxing moment
I’m ready for a new game - this one sucks
monkey paw: New Game +,
No health Regen this time, every scratch bleeds you to death. You can still keep your stuff from the previous game 😘
That just liife at 40.
Logoutlogutlogoutlogoutlogout
O well, I'm not skipping Bitcoin this time!
Yeah this one is so buggy and I swear I have like 2000ms
That was the case, but they got a new grant and now the simulation goes to quadrillion
Holy fuck your mod log is... Christ...
Mostly from people overreacting and misattributing malice. Literally some of the most innocuous shit gets misinterpreted and then things spiral
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.
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?
God damnit!
A theoretical trillion or a real trillion though?
On paper by market cap. So in reality a few billion.
MBS has been there for a while
MBS?
Saudi Arabia's king.
Indistinguishable from people who say we need to create greater Israel so that God ends the world
Well that’s a huge reach off of a shit post.
Taking that awfully seriously for a shitpost
Needs more Joker. Not the meme, the literal, actual Joker.
When this bubble pops we are all fucked.
Not everyone, just the avarage person. Billionaires will be just fine and completely safe frome the consequences.
They'll probably make way more money still, somehow
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.
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.
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.
It would probably work out better for everybody if he actually did take them to Mars.
True, but at this point, I'm not sure if we even deserve the earth we are on.
The face of delight.
"Am I shitting my pants right now or is someone else shitting them?"
Donnie is understandably mad that Elon interrupted his work-time nap.
You mean Tesla, right?
Because SpaceX just got 25% over their 94x guess...
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.
Also just absolutely miserable. It makes me warm knowing the dipshit feels constantly inadequate and constantly alone.
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.
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.
The trillionaire. He's a trillionaire now.
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!
It will never not be funny to me that most white supremacists look like their mom drank bleach in order to abort them.
Behold, the master race:
Damn. That's the face of a man that aliens would take a look at and go nope not abducting this one.
I wish Elmo will be the first trillionare to be shot in the neck
Disgusting human your are
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.
25 P/E ratio isn't even that bad, especially for a tech company
100 on the other hand...
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
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.
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
All that money and he can’t even buy a friend, love, or the attention of his many children.
What is the normal ratio of annual revenue to valuation?
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.
Nvidia trades at x22
10x
Something bellow 4. Something bellow 7 in industries that need a lot of capital to make a little revenue.
4 P/E would be insane. Please show me a health company in any time in modern history with the P/E ratio that low.
Everybody here is talking about P/S, not P/E.
SpaceX P/E is negative.
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.
The worst thing is everyone's 401k is gonna be left holding the bag.
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.
Man, all this time the BUY GOLD grandpas were right.
It’ll tank once it’s absorbed into the Nasdaq 100 in a few weeks.
Don't bet in it. The market isn't rational. Look at Tesla's current valuation compared to companies like Toyota.
Worth a put spread imho
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
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.
indeed
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.
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.
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
Be careful, player two will tap in.
Short it and short it often. If enough people did it would really suck for the doge nazi.
Please have at least some knowledge of how the stock market works before uttering bullshit.
I do pud puller.
Edit: I know, I know it should have been Nurse Pud Puller.