• Ð Greıt Þu̇mpkin@lemm.ee
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    1 year ago

    So how does this man being an executive officer not immediately send a company’s stocks into the shitter at this point?

    • barsquid@lemmy.world
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      1 year ago

      I don’t know if this explains the entire price but we have all seen his securities fraud on Twitter.

    • zcd@lemmy.ca
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      1 year ago

      There’s money to be made when you know a company is going to tank. In fact there are people who specialize in bankrupting companies. When rich people commit fraud they don’t get in trouble

        • Nollij@sopuli.xyz
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          1 year ago

          The CEO is chosen by the board, which is chosen by the shareholders. The shareholders have the ultimate power, if they can unite on a goal/decision. Overwhelmingly, the only thing they can agree on is that they want to make the most money. They often can’t even agree on how to go about that.

          So, the board won’t fire him because the shareholders won’t force it. The shareholders won’t force it because they want the most money, and musk as CEO seems to be the best path, or at least not a problematic one.

          As for how that can be, it gets into how absurd Tesla stock is in the first place. There was a period where Tesla’s market cap (total value of all shares) was higher than the entire rest of the auto industry combined. This was despite having no feasible path towards that level of production, and even growth in general wasn’t looking too hot.

          • radicalautonomy@lemmy.world
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            1 year ago

            “Tesla shareholders are money-hungry idiots” is what I got out of that. They are like Lenny…when shit goes south, they just keep holding on tight, no matter how much worse they make things, until next thing you know Curlys’s wife is dead.

            (No offense meant to those with brain damage…the poor decisions they make are understandable and not their fault, of course. And I know that phenomenon isn’t unique to Tesla shareholders.)

    • MindTraveller@lemmy.ca
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      1 year ago

      I hate paypal because they’re transphobic.

      See, I made a paypal account long after changing my legal name, and I made the account under my current legal name. They asked for a birth certificate to prove my identity, so I gave them one. I have an amended birth certificate from when I changed my name that lists both my deadname and my current legal name. When Paypal saw my birth certificate, they changed the name on my account to my deadname, even though the paperwork clearly stated it wasn’t my legal name. When I complained to them, they told me I had to submit change of name paperwork to change the name on my account. Well I never changed my name while I had a paypal account! They did! I just wanted it un-changed to what it was before. If I need to submit change of name paperwork to fix their mistake, why didn’t they need paperwork to change it away from my legal name in the first place?

  • Lost_My_Mind@lemmy.world
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    1 year ago

    Me: Hates musk.

    Also me: dislikes Apple.

    Still me: See’s this story as Musk doing another stupid thing to kill more business on both ends.

    Finally me: Yessss…this news pleases me.

  • Dju@lemmy.world
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    1 year ago

    Hopefully Apple counter-threatens with Xitter ban from their devices

  • morrowind@lemmy.ml
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    1 year ago

    What are they going to use instead? Windows, which also has an OpenAI partnership? Android, which had Gemini and probably even worse privacy?

    Or is the whole company switching to Linux and Linux mobile

      • Alphane Moon@lemmy.world
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        1 year ago

        Not going to happen. Elmo is too self-centered to develop a phone in the spirit of FOSS. And then there are reputational issues to consider; many would be opposed to working for the benefit of Elmo.

    • someguy3@lemmy.world
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      1 year ago

      Don’t think it’s about privacy. It’s about that he wants money from openai because he tried to buy them out or something, or was involved a long time ago, or tried to get involved, or whatever, but he thinks he should have a big payday from it now that its stock is up.

        • halcyoncmdr@lemmy.world
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          1 year ago

          That left. And far as I remember it wasn’t a situation of being pushed out, he left on his own. Probably because he disagreed with everyone else about something.

          Ironically with all the hubbub about Sam Altman, it seems like he somehow might have not been the clear worst of the bunch. Somehow.

  • thefartographer@lemm.ee
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    1 year ago

    This’ll end up just like the Microsoft/Netscape Navigator antitrust suit where Microsoft got broken up and sued out of existence for trying to suffocate Netscape Navigator by denying it access to the Windows Operating System. Netscape, originally the underdog, super-won and turned into Mozilla which is now a multi-trillion dollar company that provides a shining beacon of consumer rights done right.

    Oh wait, I just remembered: Netscape died and barely anything changed—only the public ever really loses. Billionaires paying thousands of dollars in fines to fight for their turn to shit on their customers.

    • Blue_Morpho@lemmy.world
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      1 year ago

      I know it’s a common meme but it still annoys me. Netscape’s own JWZ wrote about how Netscape destroyed itself. I have personal experience with Netscape being full of itself, buggy, and forcing myself and all other small isp owners (which were over 50% of the market at the time) to ship Internet Explorer CDs to customers despite our really wanting to ship Netscape.

      • thefartographer@lemm.ee
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        1 year ago

        Yes, Netscape really shot themselves in the foot with their premium browser and then shit in the wound with Communicator. All that Microsoft contributed was forcing people not to work with the septic poo-footed browser, but getting caught up in that kind of detail would have made people stop reading my comment. Gotta farm every sweet little upvote I can get so that my family will finally be proud of me when they print my karma in my obituary.

  • doctortofu@reddthat.com
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    1 year ago

    Yet another childish tantrum? Wow, is it another day ending with “y” already? How time flies…

    Do it you pathetic spoiled manchild, stop flapping your gums and actually bloody do it.