this post was submitted on 16 May 2026
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[–] hypnicjerk@piefed.social 20 points 5 hours ago (2 children)

how the fuck does he have those kinds of assets despite never coming close to delivering a profit?

[–] MalReynolds@slrpnk.net 17 points 3 hours ago* (last edited 3 hours ago)

He profits just fine. The companies not so much.

Except NVIDIA, they're making shovels and shitloads and he probably gets something under the table from them too.

[–] Casterial@lemmy.world 6 points 3 hours ago

Just like the circular deals 90% of the "profits" we've seen reported by these AI companies is just fake money

[–] Solrac@lemmy.world 2 points 2 hours ago

I continue to wonder why haven't the American people done what they should have been doing already and.... do what they need to do?

[–] Ebby@lemmy.ssba.com 85 points 7 hours ago* (last edited 7 hours ago) (2 children)

Doesn't Elon do the same thing such as when SpaceX bought a fleet of Cybertrucks?

Just sounds like how the rich move wealth around to stay/look wealthy.

[–] OwOarchist@pawb.social 23 points 5 hours ago* (last edited 5 hours ago) (2 children)

Even if proven and convicted, none of these rich fucks will ever see any consequences beyond a slap on the wrist fine -- almost certainly a fine much smaller than the profits they made through this fraud. And then, just out of spite, they'll appeal it in a higher court and get the fine reduced or tossed out entirely.

[–] SaharaMaleikuhm@feddit.org 1 points 1 hour ago

You have WAY too much faith in the American court system. Don't worry, you too will get disillusioned. Just give it some time.

[–] Whostosay@sh.itjust.works 3 points 2 hours ago

Correct. Sounds like extracurricular activies are in order.

[–] pennomi@lemmy.world 41 points 6 hours ago (2 children)

Or when SpaceX bought Grok?

[–] joekar1990@lemmy.world 22 points 5 hours ago (1 children)

Or when Tesla bought SolarCity

[–] Whostosay@sh.itjust.works 4 points 2 hours ago* (last edited 2 hours ago)

OR WHEN THIS MOTHERFUCKER STOLE OUR MONEY AND CONSISTENTLY EVEN RIGHT NOW CONVINCED US THAT ITS OKAY THAT WE'RE NOT RANSACKING EVERY PUBLICLY LISTED PERSON OR PROPERTY THAT ENABLE(S/D) IT?

[–] panda_abyss@lemmy.ca 24 points 6 hours ago* (last edited 6 hours ago)

Or when grok bought Twitter

[–] GreenCrunch@piefed.blahaj.zone 27 points 6 hours ago (1 children)

AI clowns? Self dealing?

Surely impossible.

[–] OwOarchist@pawb.social 7 points 5 hours ago (1 children)

Only two industries left in America: gambling and fraud. And AI is definitely in the 'fraud' category.

[–] 4am@lemmy.zip 3 points 4 hours ago

It’s also kind of gambling on getting useful results

[–] Zier@fedia.io 34 points 7 hours ago (1 children)

He's just another con man shoving snake oil on society.

[–] Whostosay@sh.itjust.works 1 points 2 hours ago

Just another conman with a physical location. You can't hide from 8 billion people.

[–] adespoton@lemmy.ca 6 points 5 hours ago

It’s surely not self-dealing. It’s his AI that does business with those companies, not him, so it’s all legal.