this thread answers the question "what if the SpaceX IPO roadshow were honest?"
"SpaceX's much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action."
so, like I said
looks like we may have to contemplate the terrible possibility that the supply of stupid ideas might always outstrip demand
the number of moneyed idiots is, alas, finite
I can resist anything, except for the influence of all the cool, interesting people on bsky dot app
let's not pretend that Calacanis wouldn't be an oligarch like his podcast bros if he could, this is just the view from the oligarchy cuck chair
seems like just yesterday Calacanis was bundling small investors for Elon's Twitter deal, but of course now he's part of the hashtag resistance
I have succumbed to the irresistible influence of @josie.zone and acquired the smol hackable ereader
e.w. niedermeyer
Hi! I'm Bret Rhett Chet, here to tell you why you should buy and hodl SpaceX stonk. For a mere $135/share, you get pro forma tangible book value of $7.85/share, an immediate 94% dilution. New investors are putting up 48% of all capital ever invested in SpaceX in exchange for 4.2% of the shares.
/1
e.w. niedermeyer
e.w. niedermeyer
e.w. niedermeyer
e.w. niedermeyer
e.w. niedermeyer
rich traditions
e.w. niedermeyer
e.w. niedermeyer
"If you told a bunch of business leaders this could become oligarchic, they would be like, sign me up."
@jasonmcalacanis.bsky.social says Trump’s billionaire allies think oligarchy sounds great. But @timmiller.bsky.social warns backlash is coming, and it's going to be "pitchforks and socialism."
