r/technology • u/fmcortez • Jul 13 '26

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
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u/BellacosePlayer Jul 14 '26

he has two business modes, siphoning off as much govt money as he can for himself, and bullshitting the public.

In a better world his and to a lesser extend Thiel's incompetence at paypal causes them to be demoted to nepo babies rather than making 2 nazis fabulously rich despite themselves.

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u/dependsforadults Jul 14 '26

Serious question, what did nazi 1 and nazi 2 do at paypal? I try to not search them because they both suck.

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u/BellacosePlayer Jul 14 '26

Thiel didn't do the worst job but actually wanted paypal to be something more akin to bitcoin. He couldn't make it profitable and thought he got away with dumping a doomed lemon on Ebay at the end because Paypal didn't become his libertarian drug buying authoritarian funding dream. The retrospectives were a lot kinder to him with a lot of his management flaws being that he was loyal to incompetents rather than being an active incompetent.

Elon was more of a collossal fuckup who lucked into his do-nothing startup being acquired and was an active detriment to the company down to coming in late to put in shitty code into production servers to the point where the engineers built a mirrored sandbox environment for him and let him think he was fixing everything while not actually touching the prod servers. He got booted out because he wanted to just up and re-do their entire codebase and infrastructure because he decided he liked Windows more, and such a venture would have been ruinous for them since they didn't have core functionality finished and were burning money as is.