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SendMeYourTaTas@sh.itjust.works

pelespirit@sh.itjust.works

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Floptimus Prime (lemmy.ml)

submitted 1 week ago by cm0002@libretechni.ca to c/whitepeopletwitter@sh.itjust.works

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[–] breezeblock@lemmy.ca 155 points 1 week ago (2 children)

When will people realize that Elon only has one trick: lie really baldly really publicly, pressure the shit out of a bunch of smart engineers until they get to their breaking point, and if it works you’re a “genius” — if it doesn’t, just throw it on the pile of other completely outlandish shit that you said that never mattered.

[–] deegeese@sopuli.xyz 93 points 1 week ago (2 children)

You missed the critical middle step of pumping up market valuation so you can borrow against the hype.

[–] 0x0@lemmy.dbzer0.com 11 points 1 week ago (1 children)

Surely there is a dump step following the pump?

Or is it pump, borrow, repeat?

[–] deegeese@sopuli.xyz 19 points 1 week ago (1 children)

Borrowing against shares is the dump.

[–] anomnom@sh.itjust.works 2 points 1 week ago (1 children)

Have the lenders realized they’re never getting their money back or did the ipo cover it on paper?

[–] oyo@lemmy.zip 1 points 1 week ago

He buys the previous failed business with the current pump to hide the losses. It's shells stacked in a pyramid.

[–] Fmstrat@lemmy.world 3 points 1 week ago (1 children)

But he has hair?

[–] JackFrostNCola@aussie.zone 2 points 1 week ago

fElon? He has hair plugs if thats what you mean.