Elon Musk and Mark Zuckerberg increased their net worth by $96.6 billion and $58.9 billion, respectively, thanks to rising share prices on the Nasdaq
Elon Musk and Mark Zuckerberg increased their net worth by $96.6 billion and $58.9 billion, respectively, thanks to rising share prices on the Nasdaq
Didn’t their total wealth drop significantly last year because FB and TSLA stock absolutely tanked? So their wealth is only up so much because it was down more and the market is on it’s way back up.
By all means eat the rich and all that, but this doesn’t paint an honest picture for anyone who doesn’t follow the stock market.
I didn’t read the article, just the headline, but both can be true. They lost money but made a ton again. It’s no different than someone losing a huge amount in a 401k but then having even more money in the future by not selling and the market going back up.
Yeah, unopened the post and it’s just “due to riding NASDAQ prices” and it’s like okay. Basically just like saying my wealth increased because house prices rose. It’s not a lie or anything but the title imies there was a change of assets rather than a change of valuation of assets.