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Don’t feel so bad! It’s not just you! Some lose and still smile. 😃
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They are practically homeless!
1/2 trillion so far….
Put me in a position to lose BILLIONS and it not affect me. Please. I’ll smile too.
Difference is, you are still poor and they are rich even losing the money
BS, it’s physiologically impossible for zuckerlizard to smile
everything they gained during covid is now being lost
Well, there is a difference losing gains vs losing your hard earned money..
When their dumb faces are all next to each other , are you seeing what I’m seeing ? These mo fos wouldn’t get any pussy if they weren’t rich as balls
They shouldn’t have been up that much to begin with! 2020/21 was an anomaly. Now we all pay the price
>The 20 richest tech billionaires, including Mark Zuckerberg and Jeff Bezos, have collectively lost nearly half a trillion dollars this year, which is more than the market values of all but seven companies in the S&P 500.
wsj.com The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year 11:15 PM . 28 Oct 22 . SocialFlow
Is this that trickle down effect everyone keeps talking about?
Calls on ramen.
They collectively made more than that last year
Where that money went?
Value is totally subjective, so stop trying to use it the median or mode to decide value.
One invests to make a profit on the difference between labor cost and cost of materials. It’s literally that simple. Unsure what WSB has become…
Fuck Gold, I was wrong, and I’m okay with admitting this.
The companies have. These individuals have not. Zuckerberg owns very few shares still in Meta, Bezos the same, Musk sold a tonne near peak. FUD
Lol no. They lose that amount and they are still living the high life.
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
https://www.poetryfoundation.org/poets/rudyard-kipling
I’m sure they’re crying on their yachts and while driving exotics.
That’s a damn shame.
Now how are they going to change the world?
Actually they never had it. Just a short term bubble that’s finished
At least they don’t have to worry about taxes.
They belong here.
Lol they’re still up from 2020 gains.
But these guys are from outer space and Earth money means nothing to them? They don’t have no tears and have to lick their eyeballs every four seconds to keep them from drying up. Let them keep their money. I like my tears…I cry myself to sleep every night now.
Bezos looks like he is taking a Dale Carnegie workshop
I just need like 10 grand
They haven’t lost anything. One share = one share. It’s just valued more fairly now and was grossly over valued in 2021.
Mark isnt in the top 20 anymore, he is around 35th iirc
So next year would be the revenge, the would take more billion
didnt these guys just collectively make a half a trillion in the last 2 years anyway?
they don’t lose if they don’t sell
Where are the “tax unrealized capital gains of the rich” people at? Can they do some tax loss harvesting now?
They can afford to smile, eat and have home or 10 homes…
Good…
Lost So far..
The amount of money Zuck made/lost off re-skinning Geocities is the real story here.
I want to be in that club
Yeah but over the pandemic their wealth exploded so they’re probably still breaking even.
zuck lost 1/5 himself lol
Love the terrible pics they chose ![img](emote|t5_2th52|4271)
When tech is down, tech billionaires lose big time.
They dont lose until they sell
How did they lose? They’re all founders and their stocks are much higher than when they went public.