Technology

59298 readers

4979 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

431

Tesla Shareholders Approve Musk's $56 Billion Pay Package in Early Voting (www.ibtimes.co.uk)

submitted 5 months ago by [email protected] to c/[email protected]

167 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 5 months ago* (last edited 5 months ago)

Because it makes the line go up?

Sustainability doesn't matter. Musk's hype holds the market value up (in the short term), and kicking him out could tank it from the controversy alone. That's all that matters.

I like to think many investors are buy and hold, long term institutional, Warren acolytes or whatever, but in reality the outlook is just so short for so many people now. What matters is the next day and the next quarter, and they can just bail out after that.