Comment on Mark Zuckerberg made $29 billion this morning after Meta stock makes record surge
scytale@lemm.ee 11 months ago
If I made 29B in one morning, I’d fuck off and will never be heard of again in the news.
The 29B would go away if he fucked up, and probably then some.
It’s not actually real money, it’s estimated net worth based on stock ownership in Meta, of which Mark Zuckerberg is a large enough shareholder to have his actions directly impact its perceived value.
If he quits today, the stock likely tanks. Making an exit and keeping the money in his position is a complicated and delicate affair.
If he quits today, the stock likely tanks.
If he quit today I’d immediately buy the stock.
He’s the sole reason I don’t own it and never have.
They have some of the best engineering talent among the big players, but he’s kind of terrible at product vision and historically supposed to be a micromanager.
As an example, I recall discussing a dislike button with an employee a decade ago. No public indicator, just telling the algorithm “I don’t like this” to balance the public “I like this”. Allegedly, that was infamously a no-go from the very top.
Fun fact: when training an AI on data, the gold standard is to have both positive and negative reinforcement metadata.
I’ve often wondered what it would have been like to be a fly on the wall when his ML engineers were explaining that to him just how valuable it would have been to have over a decade of both signals from billions of people when they were shifting gears into competing with OpenAI/Google.
Pretty much what the founder of MySpace but I think back then he made a lot less than 29B
Lettuceeatlettuce@lemmy.ml 11 months ago
Hell, if I got 1/1000th of that I would do the same lol.
cyberpunk007@lemmy.ca 11 months ago
Isn’t that crazy? Any one of us would have more money than we knew what to do with, with only 1/1000th of his profits today. That’s how tipped the scales are in capitalism these days.
Lettuceeatlettuce@lemmy.ml 11 months ago
I remember learning that if we magically confiscated 99.9% of the wealth of the top 100 richest people in the world, all of them would still be in the top 0.01% of the world’s population wealth-wise.
Just insane.
Radicaldog@lemmy.world 11 months ago
I know exactly what I’d do with it.
Get into gunpla, of course.