this post was submitted on 19 Jun 2026
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(page 2) 50 comments
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[–] febra@lemmy.world 12 points 1 week ago (1 children)

Just imagine how many problems 600bn USD would solve. Instead, it's just fake virtual currency flowing through the hands of a few billionaires

[–] echodot@feddit.uk 6 points 1 week ago (1 children)

They could probably just about clean a small pond for that amount of money.

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[–] Fmstrat@lemmy.world 11 points 1 week ago (2 children)

SpaceX on Tuesday disclosed it would acquire Cursor for $60 billion in stock, representing roughly 3.4% dilution—meaning investor stakes will represent a smaller percentage of the company—of SpaceX’s $1.77 trillion IPO valuation.

I never understood this. Dilution should require a vote from owners.

[–] Pyr_Pressure@lemmy.ca 4 points 1 week ago (1 children)

You vote by selling your stock if you disagree.

Are more than 50% of shares not owned by Musk? If not, a vote wouldn't even matter.

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[–] Juniperus@infosec.pub 4 points 1 week ago

Dilution should require a vote from owners.

Would it be helpful if that had been written into the company's AoI and server software?

[–] Sam_Bass@lemmy.world 10 points 1 week ago
[–] bitjunkie@lemmy.world 9 points 1 week ago
[–] webkitten@piefed.social 9 points 1 week ago

Oh no anyway

[–] osanna@lemmy.vg 8 points 1 week ago

nice. i love seeing fElon companies doing badly!

[–] dan69@lemmy.world 7 points 1 week ago

🎈 🎉 🪅?? 👀

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