cross-posted from: https://piefed.ca/c/technology/p/432936/tech-billionaires-cashed-out-16-billion-in-2025-as-stocks-soared
What do you guys think?
Is this the AI bubble bursting?
$16 billion is basically nothing to this industry. That’s not even 1% of Nvidia’s value.
Or 0.1% of the $16 trillion the billionaires own according to Wikipedia / The Forbes list of the world billionaires.
If we know about it, it’s not the flop I don’t think. It would have already happened
“tHeY dOnT hAvE iT (all) in CaSh”
Well they do have enough for it to be immoral.
Is everyone on the same page to wheel out the guillotines yet or are we waiting for this to escalate even further?
Everyone is waiting until we‘re all run through the meat grinder in another senseless world conflict it seems.
Wait… You’ve got enough wood and steel to make one?
Burn the rich guy!
I have a baseball bat, some kitchen knives and tape. Might take a few swings but that’s what the billionaire parasites deserve.
No. We got the same news report last year and the year before… I think in 2021 Jeff Bezos alone cashed out $10bn. This is just our yearly reminder of rich people and that they do financial stuff and their tax evasion schemes.
'You can tax a little of my unrealized gains, as a treat"
That’s just pocket change for them. They do need to have some pocket change for buying mega yachts and such.
If only they would actually spend it on things that benefitted the economy instead of:
- Buying land/houses
- Buying successful businesses in order to loot them (typical Private Equity moves)
- Lobbying the government to cut their taxes and reducing social safety nets
I firmly believe that a big reason why wealth is consolidating so quickly is because there’s not much for the rich to spend their money on these days. It used to cost a fortune to care for a great big mansion and the surrounding grounds (and you’d have a local economy built on that). These days, it’s not even a rounding error in their monthly income from interest and dividends and you don’t even need to hire very many people.
There used to be actual luxury services the rich needed to pay for if they wanted to appear better off than the riffraff. Now the common man has access to all those luxuries and more.
Once you’ve got a couple private jets and a yacht (that you never spend any time on), what the fuck do you need all that money for‽ Even they don’t know what to do with it!
Larry Ellison—the original tech villain billionaire—bought a huge private island in Hawaii. He’s never there. It just… Sits there. With a small staff and places for his yachts. It’s like he wants to go down in history as one of the biggest, greedy scumbags of all time.
No this is just a great explanation of why they keep cramming this shit down our throats even though they all know there’s no path to profit for the actual company itself or their shareholders.
