If you really want to chuck a hand grenade at the crypto-cultists ask them to rationalise Tether.
A company which produces 1% of all global cars is worth more then the companies who produce 90% combined? Sounds legit.
Next you'll be telling me a company which has only shipped 160 trucks to employees is worth 100bn... Oh wait...
If the original comment was just exaggerating for effect, then fair enough. I was genuinely curious by the possibility of not only one trillion dollar scam company, but many.
One quarter it was going negative on profits, so he pump and dumped crypto to keep it positive and the hype going.
It either produce most of the world's cars or it is going to fall out and I hope we wouldn't be the one facing the consequences, but we will :))
So don't compare them with toyota, compare them with apple and it makes a lot more sense. All the top tech companies work the same way. Vendor and ecosystem lockin, forced depreciation of old products that aren't currently extracting profit, and selling surveillance.
