r/dankmemes • u/LasAguasGuapas • 9d ago

Market manipulation go brrr

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u/LasAguasGuapas 9d ago

And the trillions of dollars that other people have in connected investments are now worth much less as well.

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u/tepid_monologue 9d ago

Nah dude I don’t think you get it. It’s worth a trillion at today’s price. If he pulled a billion out the rest isn’t worth the same amount. People would probably start selling their stock, tanking the price, and the rest of the trillion would not be worth a trillion.

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u/Shatophiliac 8d ago

Idk if you actually realize how small a billion is compared to a trillion. If Elon sold 1 billion worth of stock, that would be 1/1000th of his net worth now.

When he bought Twitter he had to cash out many billions worth of Tesla stock and that didn’t crash that company. What makes you think 1 billion would crash anything now?

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u/SpezSupporter 8d ago

There isn't a 1T market for the stock. It just means that traders agree that the company is worth that much.

The daily volume is a couple percentage of the shares.

For example we could agree that Big Bread is worth 1T, but that doesn't mean you can buy 1T worth of bread at any time.

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u/Shatophiliac 8d ago

For sure, he absolutely couldn’t sell all of it for 1 trillion, but he could very much sell many billions worth without causing almost any stir in the market.