He will own around 80% of the shares, so he’ll have plenty to sell off to enrich himself or use to borrow against down to 50.01% and he maintains control. So he gets a huge influx of cash from the ipo to use and he gains a wider calculation of wealth headed towards being the first trillionaire. This will absolutely put him over the edge into that status.
I just keep getting the cracked versions
Something something litter boxes in schools and your grandkids are coming home with secret forced gender transition surgeries done in one day by underpaid public servants!
He’s not been spending his money, he’s been spending vc and govt contract money. And the VC money is drying up, that’s why he’s opened it up to IPO.
That, and they grossly underpay their workers, including by undoing the American tradition of subsidizing wages with benefits like healthcare, vacation time, childcare, education, etc. - healthcare shouldn’t be tied to one’s work load, but if it’s going to be taken away, they should be paid by law enough to avoid falling on the state or emergency rooms or death avoidably, needlessly because billionaires want as much profit as possible at the expense of their worker’s welfare.
If a company and their owners are paying too little to their workers, if too many are on welfare, can’t afford healthcare or the basic needs, the company and owners should be penalized so hard they are compelled to do what’s right for the society they benefit and profit from though that labor and use of resources. If they fail, break up the company, sell it off, or close it down - just don’t make the penalty a rounding error that becomes just the cost of doing business as usual.
Well at least the government and big tech companies have a perfect record of keeping sensitive private data safe! /S
China has released their first gen competition to Nvidia cards. First ones kinda suck, but they’re cheap. Let them pump out a few more and they’ll drive the market back down.