So he made that money convincing people that something was worth something more now, than it was in the past.
My point is he didn't make that money at all.
Note that Elon Musk's net worth is $263 billion. $15B, or 5.7 percent of his net worth, is not a large tax burden, considering that he made 200 Billion Dollars during the two years of the COVID epidemic.
He didn't "make" that money. Net worth is theory, not reality. That valuation of his stock rose, which is decided by other people. He has even stated that he thinks the stock is overvalued. Until he sells stock and realizes a gain, he doesn't make money. He's explained this over and over again, but many people just don't seem to understand the difference.
(d) "Social media algorithm" means the software used by social media platforms to (1) prioritize content, and (2) direct the prioritized content to the account holder.
(f) "User-created content" means data created by an account holder that is displayed on the account holder's social media page or stored by the social media platform in the account holder's account. User-created content includes personal identifiable information, educational experience or institution, volunteer or employment experience, written posts, photographs, video recordings, or audio recordings.
Subd. 2. Prohibitions; social media algorithm. (a) A social media platform with more than 1,000,000 account holders operating in Minnesota is prohibited from using a social media algorithm to target user-created content at an account holder under the age of 18.
(d) "Social media algorithm" means the software used by social media platforms to (1) prioritize content, and (2) direct the prioritized content to the account holder.
(f) "User-created content" means data created by an account holder that is displayed on the account holder's social media page or stored by the social media platform in the account holder's account. User-created content includes personal identifiable information, educational experience or institution, volunteer or employment experience, written posts, photographs, video recordings, or audio recordings.
Subd. 2. Prohibitions; social media algorithm. (a) A social media platform with more than 1,000,000 account holders operating in Minnesota is prohibited from using a social media algorithm to target user-created content at an account holder under the age of 18.
"Social media algorithm" means the software used by social media platforms to (1) prioritize content, and (2) direct the prioritized content to the account holder.
So, choosing randomly or by timestamp (which is not related to the actual content) would be fine and not considered prioritizing content. The spirit of the bill suggests an algorithm is more along the lines of classifying you and your friends into interest groups and prioritizing content it thinks you would find more interesting, or likely to interact with, based on prior observed behavior, etc.
"Text processing has made it possible to right-justify any idea, even one which cannot be justified on any other grounds." -- J. Finnegan, USC.