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Tesla’s massive 71% profit loss pushes Elon Musk to limit government work with DOGE
(sinhalaguide.com)
this post was submitted on 06 May 2025
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Every company is "financialized" now. They essentially run like a bank. They aren't being run based on a product or a service. They are being run to maximize returns for investors to such an extreme level that stock buybacks and layoffs are the tools used to bring the stock price up.
The stock market has been a scam for awhile and not really connected to any company "doing well". But they are essentially just shitcoins at this point. All running on whether or not people feel like they'll go to the moon or not.
People that mock Bitcoin but pretend like Tesla doesn't run on the same toilet paper thin vibes are kidding themselves.
Edit: this is not a defense of crypto. It's just an example of how fucked the stock market is. Especially in "tech" companies.
I agree completely