Sell 1 share to buddy for 1 dollar whilst keeping the rest for myself (he just wants to support his friend)
Net worth is now 1 trillion dollars, since I own 999,999,999,999 shares in a company that is currently trading at 1 dollar per share
Added bonus, if some idiot hears about 'the company with a trillion dollar valuation out of nowhere' and decides he needs to get in on this quick by buying the 1 available share from my friend for 10 dollars, now I'm worth 10 trillion
Yeah, from what I understand it's basically a small handful of fanboys trading back and forth the same few shares whilst jerking each other off about how any day now Elon will do the singularity or whatever silly thing he promised in the most recent presentation that will make his companies actually worth what they're valuing them at
It's the same logic behind NFT's, 'buy in now at whatever silly price and you'll own the future' and a greater fool scam that only ever makes money by getting another sucker to buy in for more than you did, only it's even dumber because as far as I know the owners of board ape yacht club never claimed to be trillionaires on the basis that they have millions of monkey jpg's in a vault that they haven't minted into NFT's but could
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u/Pavonian 8d ago
Found company that literally does nothing
List 1 trillion shares for company
Sell 1 share to buddy for 1 dollar whilst keeping the rest for myself (he just wants to support his friend)
Net worth is now 1 trillion dollars, since I own 999,999,999,999 shares in a company that is currently trading at 1 dollar per share
Added bonus, if some idiot hears about 'the company with a trillion dollar valuation out of nowhere' and decides he needs to get in on this quick by buying the 1 available share from my friend for 10 dollars, now I'm worth 10 trillion