Nah. He can’t buy Apple (market cap $3.8T), or Google ($3.96T). He’s not a trillionaire yet.
Comment on X’s deepfake porn feature clearly violates app store guidelines. Why won’t Apple and Google pull it?
4am@lemmy.zip 1 month ago
Could Elon buy them? Does he have that much wealth power?
TheRealKuni@piefed.social 1 month ago
calliope@retrolemmy.com 1 month ago
To put it into perspective, if he managed to sell all of his ownerships of companies for the most optimistic idea of his current net worth*, he could still buy less than 19% of Apple.
He’d need several friends to chip in to even get to 50%. A trillion is a lot until inflation gets out of hand.
* $717 billion; probably $100 million too high at least
naom3@hexbear.net 1 month ago
Google and apple? Absolutely zero chance of him doing that on his own. They each have a market capitalization of almost $4 trillion, and even though he’d only have to buy 51% of them that’s still way more than his net worth. And that’s not getting into how most of his wealth is in the form of tesla stock, which he can’t sell to much of without tanking the stock price. Plus corporations have ways to stop people who are trying to buy them out if they don’t want to be sold, like even though twitter was a publicly traded company musk still had to negotiate a deal with twitter’s management
He might be able to buy a significant portion of one or both companies stocks and then be able to vote for board members and stuff and try to gain influence that way, but that’s not the same as owning a controlling stake in the company, and frankly I don’t see him politically out manoeuvring alphabet or apple’s existing boards of directors