4 ms·
My personal photography blogging business has a market cap of a trillion dollars too. I have 1 trillion shares, and I sold 1 to a mate for a dollar. Total com
by londons_explore 4mo ago
My personal photography blogging business has a market cap of a trillion dollars too.
I have 1 trillion shares, and I sold 1 to a mate for a dollar.
Total company revenue is like 50 bucks a month and profits are nil.
Can I be in the S&P 500 too?
- matwood 4mo agoAnthropic has raised $130B. It's a bit more than selling a share to your mate for $1.
- Matl 4mo agoYes, it's like selling a share to a group of mates who hear from their mates that AI is hot so they want in. Still does nothing for the profit not being there to pay those investors back in any other way than via new investors (ie pension funds).
- dfedbeef 4mo agoThere should be a word for paying investors with money from other investors
- codechicago277 4mo agoSeems structurally sound, kind of like a pyramid.
- kmbfjr 4mo agoIs it when X is clearly engaging in creative financial engineering with a goal of maximizing their value.