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College is just not worth it anymore
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<blockquote data-quote="cosine" data-source="post: 1455034" data-attributes="member: 10363"><p>Buying shares does allocate capital. If you are a FAANG company with a monster market cap, equity in the business is a powerful currency that can be used to pay employees or acquire new companies.</p><p></p><p>Tesla has two of the largest factories on earth, with two even bigger ones on the way, and they are getting much better at building them quickly. Everyone will want a cybertruck, semis will revolutionize the shipping industry, and they're building a $25k model for the masses. They are years ahead of everyone else in battery materials and production, and they have more self-driving data than everyone else combined. Its stock price 7x'd in 2020 and then took a dip in the first couple of months. </p><p></p><p>That's like saying "oh god, bitcoin went DOWN to $48k! It's a dud."</p></blockquote><p></p>
[QUOTE="cosine, post: 1455034, member: 10363"] Buying shares does allocate capital. If you are a FAANG company with a monster market cap, equity in the business is a powerful currency that can be used to pay employees or acquire new companies. Tesla has two of the largest factories on earth, with two even bigger ones on the way, and they are getting much better at building them quickly. Everyone will want a cybertruck, semis will revolutionize the shipping industry, and they're building a $25k model for the masses. They are years ahead of everyone else in battery materials and production, and they have more self-driving data than everyone else combined. Its stock price 7x'd in 2020 and then took a dip in the first couple of months. That's like saying "oh god, bitcoin went DOWN to $48k! It's a dud." [/QUOTE]
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