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A comment on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank. Parent comment

Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by tomp on Thursday June 24, 2021 @07:00PM (#27625031)
> If Elon Musk forms a corporation tomorrow, its market value is more than $0 before he does a single thing with it.

If there’s anyone stupid enough to value such a company at more than $0, Elon should sell that company and just start another one. Infinite money machine. He should call it Bitcoin or NFT or something similar...

[ Parent | on HN ]
Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by Scoundreller on Thursday June 24, 2021 @07:35PM (#27625299)
People will throw money at a company that has done nothing solely based on the people behind it.

I mean, people throw their money at companies that actively burn money with unlikely prospects of overcoming their death spiral. One that hasn’t even started should at least be worth much much more than those.

[ Parent | on HN ]