Isn’t this like… supposed to be illegal?
Only if you’re poor
Yeah I know but I mean, they used to at least pretend. Now it’s all off the rails.
and then you give these newly printed really worthless (except for the book value ie BVPS) shares created from nothing with no real use beyond speculation to commercial banks who then give you ‘real’ (state backed) bank money with some haircut.
and yet he still will never be cool or liked
Capitalist apologists will tell you this was an economically necessary and unavoidable course of action.
Is it good when your shares are worth 30¢ each?
I’m wondering how you got that number cause it’s several orders of magnitude off the actual share price.
I’m guessing they either read two times “million” or two times “billion,” and then just did 29/96
Yes thats correct.
I will leave it in place as a cautionary tale.
it’s not 30 cents but Musk actually pays several magnitudes less than market share price
He has to hold the shares for five years and can buy them for $23.34 per share, the same as the exercise price of the 2018 award
*angry Marxist noises*
he didn’t even invent being a billionaire breeding pervert nazi
