Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge

Why we aren't constantly protesting or better yet destroying this system is beyond me.

When you're burnt out at your shitty job that barely covers your needs it's hard to revolt. Which is of course by design.

I want to destroy it so bad. But my kids are able to sleep peacefully and night and have full bellies. Will the power vacuum we create ensure that survives? Even if I don't?

The reason people aren’t protesting in not some fantasy that they’ll benefit from it one day but that they will fall under the weight of capitalism’s heavy hand if they get recorded protesting and get fired or get a sick day and get fired and lose everything. The reason that the wealthy don’t want a safety net is not just because they hate the poor (they do) but because they have control over a population of workers who live in fear of the economic meat grinder. The system is so much more cynical and cruel than I would have imagined possible.

I think people are afraid to lose what they even, especially when it isn't much.

This is my opinion, but I think protest is worthless unless the people protesting show that they are willing to give up somethingsomething important to get what they want. I don't think we'll make progress until people are willing to give up the status quo for a better future. The mind hates uncertainty, so even shitty future that's predictable is more desirable than a possible better, but uncertain future.

The middle class came into existence because people that would never be a part of it were willing to give their lives for it. Many did. If we are not willing to sacrifice our safety and secure future for a better life we may never experience, we will make no progress.

I think we should skin him alive slowly on television as an example to the rest of them.

"You have to understand, most of these people are not ready to be unplugged. And many of them are so inert, so hopelessly dependent on the system that they will fight to protect it."

We can destroy it but that's also discomfort. Your quality of life will likely go down, and if not you, for many as this battle ensues.

I bet you, like me, enjoy leaving the stress of work behind at the end of the day and turning on Netflix, or whatever your vice is, instead of skipping work, and my extension your pay, and not being able to afford the comfort of eating a dinner and watching Netflix after work.

Not everyone is at a point they're infuriated enough to revolt. A revolution is the only way anything is going to change.

The "temporarily embarrassed millionaire."

https://youtu.be/xxD9nGL3NLY?feature=shared

I honestly just think it's ignorance and/or plain idiocy. One of my closest friends who's not dumb by any means, bought a home with his gf when homes were highly overvalued but loan rates were still on a record low (European country). I asked him if it was really such a good idea and if they couldn't just rent or keep living seperately for a while longer - but no.

Well, when everything caught up and their rate doubled all of a sudden it's hard to make their economy work (luckily they get by and are both educated but the rates can't go much higher before shit hits the fan).

He later had to get a new car and could barely afford a 20yo used car and complained that it's hard to have money left after all costs of living and I, like a good (bad?) friend, discreetly (not very much) brought up the fact that I "told him so". His response was "yes I know but those are the rules we just have to play by and it's out of our control".

Because people take the easy way out. They keep their head down and repeat a few lines they heard Hasan say in between piss breaks where he plays someone else's video in its entirety and think they are heroes. Oh, maybe they voted for Bernie.

And.. that does jack all. On the off chance labor DOES manage to unite, you get the usual outcome which is people getting pissy that they can't get a coffee at their local starbucks or angry they have to use the back door to the building. Not to mention people constantly attacking labor themselves (remember how everyone insisted it was rogue fedex drivers stealing their PS5s? All while ignoring that the logistics of doing that when you are monitored to the point of needing to piss in a gatorade bottle while driving...)

And no, Bernie 2016 was not the solution either. He would have been the most ineffective president in the history of the US because congress would have stopped everything he tried.

No, the answer is... what the republicans are doing. No, not insurrection and terrorism and giving out handjobs in between visits from child prostitutes. Actually giving a shit about the entire ballot. Getting people on school boards and in county and state governments. Because a "grass roots" campaign to elect the top seat does almost nothing. A "grass roots" campaign to... actually grow some grass leads to change.

But it is so much easier to just talk about how liberals and democrats are truly the source of all problems and how engaging in the system at all is a fool's errand (and supporting Xinnie The Poo and Putin in the process) than it is to actually get involved with your local democrats (or even similarly aligned third parties) to actually push for the candidates who represent you.

Medium rare, please, let it swim.

beautiful and moral

Monopolies LOVE regulations.

Pretty much everyone is bad at picking stocks. You should just stick to index funds.

Jup, people don't realize that he needs to sell Facebook to realize these gains. And pay tax on that. At this level of wealth, companies are not about earning money but having influence and power.

Step 1: Layoff thousands of employees,

Step 2: Buy back your stock in order to juice the numbers before earnings

Step 3: Utter the word “A.I.” on CNBC a couple of times.

Step 4: Watch as the Market Makers (who are net long your stock) abuse their privilege to boast a single day gain of $200,000,000,000 (two hundred billion dollars)

No, the idea is that a stock that previously never provided a dividend now suddenly is.

This means that now their stock may meet criteria for certain types of institutional investment holdings that look for or require dividends.

At this point, a lot of the stock market is traded less on "the market thinks this company will do well" and more "my algorithm thinks other algorithms will value this stock in a given way."

For example, IIRC the majority of trade volume is after hours, meaning that while the markets are closed to main street investors is when the value of companies is really being decided between brokerages and institutional investors.

While not entirely a rigged game because companies actually doing well does tend to result in net price increases, a significant portion of the money to be made in the stock market is unequivocally rigged.

The stock market is a ponzi scheme. More news at 11.

So basically people are betting that they will be able sell the stock right after Feb 22 before it loses more than $0.50?

Not necessarily. With all it gained, they can even sell tomorrow. Or at any point before it takes the next massive hit.