Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge::Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break.
If you have money you’ll make money. It’s all bullshit. Valuation and stocks and trends… It’s all made up nonsense created to make sure the rich remain rich and Walmart employees remain on food stamps. Why we aren’t constantly protesting or better yet destroying this system is beyond me. I guess the bulk of you assume one day you’ll benefit from this system of suffering so you keep it in place just in case. Fuck.
Why we aren’t constantly protesting or better yet destroying this system is beyond me.
When you’re burnt out at your shitty job that barely covers your needs it’s hard to revolt. Which is of course by design.
I think if you’re just scraping by then you have more to lose immediately than is worth the risk compared to what you might gain eventually.
I want to destroy it so bad. But my kids are able to sleep peacefully and night and have full bellies. Will the power vacuum we create ensure that survives? Even if I don’t?
I’m glad your kids get the comfort and safety this capitalistic nightmare provides, but many kids don’t.
Help me organize against citizens united and I’ll follow you into the 10 hells. Until then, its just me versus the capitalists that control my life. Thats the mode we all exist in right now. Because I really do know that doing nothing curses them.
The reason people aren’t protesting in not some fantasy that they’ll benefit from it one day but that they will fall under the weight of capitalism’s heavy hand if they get recorded protesting and get fired or get a sick day and get fired and lose everything. The reason that the wealthy don’t want a safety net is not just because they hate the poor (they do) but because they have control over a population of workers who live in fear of the economic meat grinder. The system is so much more cynical and cruel than I would have imagined possible.
The answer is simpler: things arent bad enough. Also, nobody is protesting because everyone is sitting around wondering why nobody else is protesting rather than going out and protesting.
I think people are afraid to lose what they even, especially when it isn’t much.
“You have to understand, most of these people are not ready to be unplugged. And many of them are so inert, so hopelessly dependent on the system that they will fight to protect it.”
I think we should skin him alive slowly on television as an example to the rest of them.
Maybe a little extreme. He’d have to be naked for that.
I guess we could cut his junk off first to avoid being inappropriate. Gotta think about the children.
The “temporarily embarrassed millionaire.”
I honestly just think it’s ignorance and/or plain idiocy. One of my closest friends who’s not dumb by any means, bought a home with his gf when homes were highly overvalued but loan rates were still on a record low (European country). I asked him if it was really such a good idea and if they couldn’t just rent or keep living seperately for a while longer - but no.
Well, when everything caught up and their rate doubled all of a sudden it’s hard to make their economy work (luckily they get by and are both educated but the rates can’t go much higher before shit hits the fan).
He later had to get a new car and could barely afford a 20yo used car and complained that it’s hard to have money left after all costs of living and I, like a good (bad?) friend, discreetly (not very much) brought up the fact that I “told him so”. His response was “yes I know but those are the rules we just have to play by and it’s out of our control”.
So, what you’re saying is… Is house rates went up on his mortgage right?
And because of that he became poor?
So you’re saying your right with the assumption that if he rented his rent wouldn’t also double??
Yes?
Okay, wow.
You do know rent is just someone with a mortgage on a house too right? (Paid off or not)
And if that landlords mortgage goes up, that will also make the rent they charge go up. ( Often far more than the rent, as it’s percentage related. So, if your friend was renting, he’d be even worse off…
Firstly, apartment complexes and the likes are usually owned by bigger companies with more leverage when negotiating loan rates compared to individuals. Secondly, renting a small apartment while holding on to their down payment money / saving even more is clearly gonna be cheaper than buying a 2 bedroom home in the middle of a city.
If I made 29B in one morning, I’d fuck off and will never be heard of again in the news.
Hell, if I got 1/1000th of that I would do the same lol.
The 29B would go away if he fucked off, and probably then some.
It’s not actually real money, it’s estimated net worth based on stock ownership in Meta, of which Mark Zuckerberg is a large enough shareholder to have his actions directly impact its perceived value.
If he quits today, the stock likely tanks. Making an exit and keeping the money in his position is a complicated and delicate affair.
If he quits today, the stock likely tanks.
If he quit today I’d immediately buy the stock.
He’s the sole reason I don’t own it and never have.
They have some of the best engineering talent among the big players, but he’s kind of terrible at product vision and historically supposed to be a micromanager.
As an example, I recall discussing a dislike button with an employee a decade ago. No public indicator, just telling the algorithm “I don’t like this” to balance the public “I like this”. Allegedly, that was infamously a no-go from the very top.
Fun fact: when training an AI on data, the gold standard is to have both positive and negative reinforcement metadata.
I’ve often wondered what it would have been like to be a fly on the wall when his ML engineers were explaining to him just how valuable it would have been to have over a decade of both signals from billions of people when they were shifting gears into competing with OpenAI/Google on AI.
Pretty much what the founder of MySpace but I think back then he made a lot less than 29B
i hate capitalism
Eat the rich. Regulate monopolies
Medium rare, please, let it swim.
Monopolies LOVE regulations.
Unless the EU makes them, in which case it actually does something(GDPR, DMA)
I like to write covered calls
