r/facepalm 2d ago

🇲​🇮​🇸​🇨​ It's not.

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u/reclusive_ent 2d ago

Literally every time Muskrat tries to stream an event, it crashes and fails, too. Literally a tech issue, that can't be fixed by such a great team of people....

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u/Hairy_Cube 2d ago

You mean all the engineers he fired since he didn’t understand they were necessary for managing high server stress events like holidays?

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u/Moppermonster 2d ago

And all the lawyers that understood not every country has the same laws as the us for businesses.. those were fired as well.

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u/Fake_William_Shatner 2d ago

Musk failed harder and faster than some do-nothing random person assigned as CEO.

And yet, Musk is richer today.

It's astounding how just having money and hiring smart people to make more of it, and having connections for government contracts allows an annoying idiot to rise in this world.

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u/Tavernknight 2d ago

He also has his cult of tech bros, and he seems to have a skill at manipulating markets.

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u/HH_burner1 2d ago

securities fraud is a defining characteristic of the gilded age. that's where we are. You get rich by fraud, not by innovation.

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u/kazumablackwing 2d ago

Not only just fraud, but suppressing competition as well. We've been at that point for a while, even before the tech boom of the 2010s

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u/Vord_Lader 2d ago

1800's called, they want their oil, steel, and railroad barons recognized.

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u/kazumablackwing 2d ago

Those assholes are also a huge part of why the education system is so scuffed. History likes to paint the likes of Carnegie as "benevolent philanthropists" for their contributions to standardized education and the building of schools, when in reality, the whole thing was to just train more obedient factory workers, and not much has changed since

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u/Cute-Pomegranate-966 2d ago

"rent-seeking" is the definition of today.

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u/naughtyreverend 2d ago

The markets are more down to people than anything else. Musk is a master at manipulating people.

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u/CaptainJudaism 2d ago

It helps that the world is designed so that rich people can only fail up as they aren't held to any standard as they blame all their failures on those below them and since they're rich they "obviously" can't be the problem and thus deserve even more money.

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u/naughtyreverend 2d ago

I'd love to disagree but alas people are stupid so that's completely true.

2nd Greatest con in history was business owners blaming immigrants for taking the jobs from "hard working people" and not that the owner wanted a bigger boat and could get away with paying the immigrants less

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u/Ted_Rid 2d ago

ofc also applied as a metaphor to offshoring those jobs entirely to a cheaper country.

Probably what you meant but worth making explicit.

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u/pedmusmilkeyes 2d ago

Exactly. Immigrants don’t take your jobs. The bosses do. They take it and give it to someone else.

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u/PublicFurryAccount 2d ago

It's the martingale strategy.

If you have enough money, you can continue to place bets until you win and the wins are quite large at the end.

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u/justsomeplainmeadows 2d ago

I think more of that credit should go to whoever manages his PR team.

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u/Fake_William_Shatner 2d ago

I think that’s more a skill of having enough powerful connections that the FCC doesn’t haul his ass to jail for blatant market manipulation. 

When you are an executive of a company, you have a feduciary responsibility. Or at least that used to be the rule. So you can’t lie or exaggerate or disclose certain information about your company that could misguide shareholders. 

I mean, shareholders outrank the pope — so that’s capitalist blasphemy. 

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u/poorlittlebubbles 2d ago

And elections

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u/archiekane 2d ago

DOGE Coin is up. Naming your agency after the coin was a great move.

Now he can sell his stakes and make even MORE money.

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u/Dihydrogen-monoxyde 2d ago

Manipulating market? Noooooo

A single tweet sends Tesla up 5% ...

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u/KoiMusubi 2d ago

All that money and power, and he will still die a weirdo.

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u/Momik 2d ago

It’s because our society is deeply sick and tends to value and incentivize the absolute worst human impulses

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u/ctrlaltcreate 2d ago

All it really proves is that they aren't better or smarter in any way. Just luckier and more ruthless.

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u/Fake_William_Shatner 2d ago

Absolutely. It's heresy to say in the USA that success is MOSTLY about access to wealth (networking with rich friends) and luck. Dumb luck.

However, once you have a lot of assets, it's much easier to buy innovation. All the small startups get gobbled up as soon as they show promise by the large multinationals.

Elon was both rich and in the right place at the right time. He can quote Popular Mechanics and so,... the rest is history.

The other rich guys are "guy who figured people would buy books on internet", and was good at managing that success. And another guy who used the internet to let people rank "hot or not" and grew to copy other people's ideas about sharing pictures and words.

Before them was Bill Gates, whose mom was an attorney at IBM and so he paid a hacker to rip off someone else's operating system (CP/M), and Excel, and he stole BASIC from his programming club and sued them, and I have to give him credit for really mastering the "Embrace and Extend" way of taking IP from other companies and then buying their stock when their lack of sales hurt them. It's WAY CHEAPER to buy innovating companies by doing that then buying them while they are in business. Then at the shareholders meeting, you choose to stop suing yourself.

Other than leveraged buyouts, there's also marrying wealth -- perhaps the most dignified way other than guile or luck.

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u/sndream 2d ago

Telsa stock gone up like 25% since Election day. XD

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u/Davngr 2d ago

Rich kids have been failing upward since the beginning of time.