this post was submitted on 25 Oct 2024
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How does owning something turn into hundreds of billions of dollars? I own things too, they don't turn into hundreds of billions
You need to own stuff that others value
I'm sorry to ask such elementary questions, but why do others value it?
Amazon: people like books; people like next day delivery of stuff; people and companies like making stuff and running stuff in Amazon web services
Minecraft: Marcus Persson owned the game studio (and wrote quite a bit of the game) that made Minecraft, lots of people like it, Microsoft was willing to buy it for billions
Kiran Mazumdan-Shaw made beer, people like beer. They then used beer making processes to make biotech medicines - people like being alive and will pay a lot to stay alive, or even just a bit healthier
It's not an elementary question.
Best I can guess is: plenty of people, plenty of reasons. Which is a stupid answer.
This all seems very far removed from other people's concerns about worker exploitation
Is that a problem?
What about their concerns? Are their concerns not a problem?
?
Your things didn't increase in perceived value as much as Amazon then
Is that how value is determined? How others perceive value? Isn't that kind of subjective? Is there a possibility he isn't worth that much money? Could he be worth even more? Not like margin of error, but dramatically more or less like 20-30% off one way or the other?
The value is tecknically the effect of what is called a stock market, and it does vary quite a bit over time as perceptions and economic factors change
You lost me. Sounds like made up crap