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Television The Almighty Buck

On SNL Elon Musk Reveals He Has Asperger Syndrome - and Tanks the Price of Dogecoin (nbcnews.com) 96

NBC News reports on what exactly happened during Elon Musk's appearance on Saturday Night Live — starting with a surprisingly personal monologue: "I don't always have a lot of intonation or variation in how I speak," Musk said, "which I'm told makes for great comedy." He admitted he's socially awkward and said he was the first person with Asperger syndrome to host the show — "or at least the first to admit it."

"I know I sometimes say or post strange things but that's just how my brain works," Musk, 49, said. "I reinvented electric cars and I'm sending people to Mars on a rocket ship. Did you think I was also going to be a chill, normal dude?"

ET Canada notes that Twitter users later pointed out that former SNL castmember (and later episode host) Dan Aykroyd has also said he was diagnosed with Asperger syndrome. But NBC notes that Saturday's show was focused on the interests and eccentricities of Elon Musk. His mother, Maye Musk, appeared as part of the show's pre-celebration of Mother's Day. "I'm excited for my Mother's Day gift," she said, before mentioning a form of cryptocurrency hyped by her son. "I just hope it's not Dogecoin."

"It is," said Musk, a big investor in the cryptocurrency...

And later in a skit with Michael Che, Musk had also played a fictional cryptocurrency expert who's asked repeatedly to explain Dogecoin. "It actually started as a joke based on an internet meme but now it's taken over in a very real way," Musk said. "It's the future of currency." Asked again by Che, he said, "I keep telling you, it's a cryptocurrency you can trade for conventional money."

"Oh," Che said. "So it's a hustle."

"Yeah," Musk said, "it's a hustle...."

Dogecoin tracker Darren Rovell tweeted that the cryptocurrency had, at one point, lost $30 billion in value during the show.

In fact, by early Sunday Dogecoin was down 40%, trading as low as 44 cents, reports CNN: It's unclear what was driving the dogecoin selloff. Perhaps investors wanted Musk to say something more supportive of the cryptocurrency. But more likely, there was some "buy the rumor / sell the news" strategy, trying to capitalize on investors' predictions coming true by selling high. Dogecoin traded so actively that Robinhood announced early Sunday morning it was having issues processing crypto trades and was working to resolve the problem.
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On SNL Elon Musk Reveals He Has Asperger Syndrome - and Tanks the Price of Dogecoin

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  • Concerning (Score:3, Funny)

    by beepsky ( 6008348 ) on Sunday May 09, 2021 @02:43PM (#61366408)
    It's pretty concerning if DOGE tanked because of Elon's jokes.
    I mean, it DID start as a joke meme currency that only existed to make money and didn't provide anything Bitcoin didn't already do.
    If you invest in DOGE you should be aware of this.
    • You would be surprised at how little investors often know about their investments. Yes we hear a lot from analysts and technicians with monumental piles of data and charts and there are investors that follow that.

      Yet a big chunk -- what percentage I have no idea -- that invests solely on rumor and momentum. They know a few basic words about it and that's all. Cryptocurrency. EVs. Solar Panels. What they really know is that really smart guy in the office down the hall is "in to it."

      My guess is th

      • DOGE is old now anyway, now it's all about SHIBA INU!
      • Many "investors" (i.e. traders - of which millions more recently started doing) are now trading ELON.

        In the recent past, it was his TSLA cars (and his other companies) that were traded. Now Elon is traded, and he knows it.

        What a manipulator he is.
    • by Anonymous Coward

      It's pretty concerning if DOGE tanked because of Elon's jokes.

      It's more of a reason than cyptocurrencies usually have for booming and busting.

      I mean, it DID start as a joke meme currency that only existed to make money and didn't provide anything Bitcoin didn't already do.

      * Started as a joke meme currency : true

      * Existed only to make money : false (it existed to make people laugh not to make people money - see "joke")

      * Didn't provide anything bitcoin didn't : truish (both are more gambling than investing, let alone functioning currencies, but dogecoin at least allows the speculator more claim to be self-aware and ironic about the whole thing)

      If you invest in DOGE you should be aware of this.

      If you invest in any cryptocurrency you should be aware

      • by oneiron ( 716313 )

        If you invest in any cryptocurrency you should be aware of this and that whatever one you choose has exactly as much substance as one created as a joke.

        I've always understood the punchline of the DOGE "joke" to be exactly this- "whatever one you choose has exactly as much substance as the one created as a joke." The absurd flood of crypto headlines about newly or soon to be minted coins at the time of DOGE's conception is what drove its creation as a joke crypto.

    • Re: Concerning (Score:5, Insightful)

      by backslashdot ( 95548 ) on Sunday May 09, 2021 @03:10PM (#61366488)

      It didnâ(TM)t tank because of his jokes. It actually dropped before that if you look at the charts. It crashed because a lot of people knew dogecoin would go high in anticipation of SNL so they sold it to get paid. They will probably buy it back to make money next round of dogecoin publicity. Investing 101 guys.

      I was told decades ago: Buy the rumor, sell the news. Thatâ(TM)s basically what happened here. We had an anticipated event, so it ramped up. Then the event occurred so it dropped. My guess is the smart money will buy it so that they can make money from the next Doge hype round.

      • Re: Concerning (Score:5, Insightful)

        by Type44Q ( 1233630 ) on Sunday May 09, 2021 @04:56PM (#61366740)

        Investing 101 guys

        Speculating, not investing.

        • Re: Concerning (Score:4, Insightful)

          by burtosis ( 1124179 ) on Sunday May 09, 2021 @05:59PM (#61366936)

          Speculating, not investing.

          Sir, this is a casino! Not some kind of shady back alley brokerage.

          • People make money in the stock casino by speculating, for the most part. They also can lose money as fast as (or faster than) they make it. The alternatives are to own something that gets bid up unexpectedly (and get out high, but don't get greedy and hold on too long), like Gamestop if you were in way before the /r/ crew, or to sit on something for a long time and luck out that the company keeps making money, paying dividends, and appreciating. The huge numbers in The Press come from the first 2. The moder

    • by rtb61 ( 674572 )

      Seriously don't you get the joke yet. Unbacked crypto currency, it's capitalism expressed as a religion, the believe in the value of something, that is entirely imaginary, a virtual construct, no value, no worth, just a religious belief in capitalism. How much you think your crypto is worth is a measure of your faith in a very fundamentalist version of capitalism, currency of no worth, has worth based upon the religious faith in that virtual currency.

      Believers, BELIEVE in your currency, prays to the Gods

    • by Kartu ( 1490911 )

      ...only existed to make money and didn't provide anything Bitcoin didn't already do.

      Which was, to make money and... what else?

      I love how buying crypto to sell it for more is called "investment".

  • Comment removed (Score:4, Insightful)

    by account_deleted ( 4530225 ) on Sunday May 09, 2021 @02:50PM (#61366422)
    Comment removed based on user account deletion
  • by Striek ( 1811980 ) on Sunday May 09, 2021 @02:56PM (#61366438)

    So what he really meant to say was that he's on the Autism spectrum somewhere (which we all knew already, or at least suspected).

    I really wish people would stop self-diagnosing with this. It's like it's a badge of honour for some people, except it's not a specific sydrome - it's Autism Disorder, with a somewhat frequently occurring set of symptoms.

    I do wonder how many people who identify as "Asperger's" would also say simply that they're mildly autistic. I may be, I don't know, I never had a diagnosis, but some of the symptoms fit, but I agree with the removal of the specific named condition of Asperger's.

    Autism just presents itself in far too many ways to individually name every set of symptoms, because not every person presents with the same symptoms.

    https://www.autismspeaks.org/d... [autismspeaks.org]

    • by Anonymous Coward on Sunday May 09, 2021 @03:04PM (#61366462)

      it's not even like a lot of this "mildly autistic" is a true diagnosis

      psychiatrists and psychologists just speculate

      and it's stupid that it's made to seem like a bad thing... "disorder", "syndrome"...

      for those who are highly functional, it's nothing more than a different wiring with different optimizations

      just like people vary a lot in personality, they can vary in this too and we don't need a diagnosis for every difference between people

      • Except that the diagnosis helps with supports. My son was diagnosed with Asperger's Syndrome/High Functioning Autism when he was young. (This was around the time that Asperger's was being merged back into the overall Autism diagnosis in the DSM.) The school district didn't want to provide any supports to help my son - who was excelling academically but flailing socially and emotionally. The diagnosis helped open doors to supports though. With them, my son learned how to deal with situations that he wasn't a

      • As a parent of a high functioning autistic and who has a brother with Aspergers all I can say is you're a clueless ignorant cunt.
    • by fazig ( 2909523 ) on Sunday May 09, 2021 @03:18PM (#61366508)
      Asperger's already doesn't exist any more as a diagnosis. At least officially.
      The ICD-11 (released in 2019) removed it and classifies people with symptoms to have Autism Spectrum Disorder of the high functioning sort.
      The DSM-V (released in 2013) also removed Asperger's and calls it Autism Spectrum Disorder with the Severity Level 1 (which is the lowest possible level).

      Also, not everyone who exhibits some traits that are more commonly found in people on the 'Spectrum' can actually be called autistic. That is if we still want the term to mean something and not become a useless filler word that people like to sprinkle their phrases with.
      People should not self diagnose. And even if they get a diagnosis they should seek out a trained and licensed professional that observes them over a longer period of time.

      Though since this updated definitions are already a couple of years old, I suppose the 'news' hasn't quite reached a point of public awareness. So people keep call it Asperger's.
      • by Anonymous Coward

        Because it's still Asperger's, and they are correct to call it that. It's fewer words for a more exact statement of reality. Therefore, it's more correct.

        • Do you still call tuberculosis consumption, or refer to tonsillitis as quinsy? Disease names change. Herr Doktor Asperger was a Nazi who experimented on children and sent many to their death. He doesn't deserve to be honored and remembered.

    • real autistic people can't fend for themselves, they don't speak and have frequent episodes. in my opinion it's unfair to put asperger's in the same group as they are very different.

    • Everyone who cares about autistic people should know that Autism Speaks is an evil organisation.

      Here's some info on why here [autisticadvocacy.org] and more here [duckduckgo.com].

    • I do wonder how many people who identify as "Asperger's" would also say simply that they're mildly autistic. I may be, I don't know, I never had a diagnosis, but some of the symptoms fit, but I agree with the removal of the specific named condition of Asperger's.

      I have no problems with either label. I am extremely mildly on the spectrum as I've been married for 20 years and have a successful career, got good grades, etc....or at the very least, highly functioning. It's a tricky label, generally. The autism spectrum ranges from Zuckerberg/Musk to individuals who cannot even resemble functioning independently. I am not confident the autism spectrum should be so wide, but I'll defer to professionals who know more than I do.

      It runs in my family, so I feel no st

    • by thomst ( 1640045 )

      Striek complained:

      I really wish people would stop self-diagnosing with this. It's like it's a badge of honour for some people, except it's not a specific sydrome - it's Autism Disorder, with a somewhat frequently occurring set of symptoms.

      Except that not all experts agree [wikipedia.org] about its classification. In the USA, it was only removed as a separate diagnosis in the 2013 5th edition of the Diagnostic and Statistical Manual of Mental Disorders - and it remains as a separate classification in WHO's 11th (most current) edition of the International Statistical Classification of Diseases and Related Health Problems handbook.

      Given that Elon is in his 50's now, there's a very good chance that he was actually, formally diagnosed with Aspe

      • by Striek ( 1811980 )

        You raise some very good points. Interestingly, I am Canadian, although from my psychology studies long ago, I do believe we use the DSM here. I didn't know the WHO still classified Aspergers.

        Without a doubt, it was a great act of courage on his part, and I commend him for it. It was not my intention to criticize Elon specifically. He chose an easily understandable term for obvious reasons.

        I still agree with the decision to collapse Asperger's into Autism more broadly, though. Autism is already difficult en

        • by thomst ( 1640045 )

          Striek confided:

          I still agree with the decision to collapse Asperger's into Autism more broadly, though. Autism is already difficult enough to diagnose; separating it into sub-classifications makes this even harder (or easier, in some cases, leading to frivolous and harmful childhood diagnoses).

          Except at the high-function end of the spectrum, autism is easy to diagnose. It's only for the less-disabling versions that diagnosis becomes vexed.

          Again, I refer you to my remarks about the lack of scientific rigor in the field of psychiatry, in general. The field is riddled with quacks, malignant narcissists, and neurotic assholes who pollute the published research with papers that amount to opinion pieces. Those same personalities tend to drive problematic "standardization" efforts that c

  • FFS, who did not know this already? That is the bigger story here, that so many people are oblivious to the obvious.

  • Doge used to be 0.01 cents bit of perspective wouldn't hurt
    • It's always fun to pick and choose where your "perspective" starts. I would tend to value the recent value swings versus an arbitrary choice in time that suits your argument.
  • "On SNL Elon Musk Reveals He Has Asperger Syndrome"

    Musk's companies:
    SpaceX (including Starlink)
    Tesla (including SolarCity)
    The Boring Company.
    OpenAI Neuralink.

    Elon Musk hosted SNL. We didn't.

    Should that make all of us want to have the same "Syndrome"?

    Something is not logical. We need a deep understanding of how Musk uses his brain.
    • by Somervillain ( 4719341 ) on Sunday May 09, 2021 @05:52PM (#61366914)

      Should that make all of us want to have the same "Syndrome"? Something is not logical. We need a deep understanding of how Musk uses his brain.

      There are undeniable advantages for some people. I can speak to my variant. If my brain was a CPU, it would be an overclocked CPU with less cores. I am terrible at multitasking, but have hyperfocus. Unfortunately, sensory processing is a brain task. I tune people out a little too well. When I am focusing, I can't hear people trying to get my attention. I also have difficulties hearing in noisy areas like bars and restaurants because my brain can't process the visual stimuli of the TVs in the background and the sound of the person I am talking to and filter out the background noise....so I have to ask people to repeat themselves more than a neurotypical person.

      I had a lot of issues growing up. Before I knew I was on the spectrum, I'd get described as "different" a lot. People had a hard time figuring me out. I got great grades and could project lots of intelligence...but was also off-putting. I was extremely kind and offensive at the same time...because I didn't understand boundaries and my sense of empathy is much different from other people. I feel it strongly, but what is funny or scary or bad for me often isn't so for someone else.

      A thing to remember about Musk, Zuckerberg, Gates, etc. All these clearly autistic highly successful tech entrepreneurs...they all came from wealth. If Elon's dad was a mechanic instead of extremely wealthy, he wouldn't have been as successful.

      I like the phrase "Success is when opportunity meets preparation." Elon's success was due to both him having the resources of a wealthy child, the safety net of wealthy parents so he could take risks normal people can't, and his genius. There are many smarter and more deserving of success than him. He had the resources and luck to become one of the world's richest men...a great accomplishment and a partial testament to his talent. However, should you want to have a brain like his?...well, without his family wealth and his luck and timing, I am confident you wouldn't go as far.

      • I am terrible at multitasking

        Everyone is terrible at multitasking.

        Even women are terrible at multitasking, but they get praised for apparent multitasking because they traditionally did all the shit that men didn't do around the house. Their overwork just looked like multitasking.

        • Everyone is terrible at multitasking.

          Fair point. The autism spectrum is admittedly wide. I hold no opinions on whether or not that's appropriate. People who study it more than I do feel it is, but I can understand skepticism. I honestly don't know what the boundaries between ASD and neurotypical are. I often question if I am on the spectrum...than within a month, I do something that pretty much convinces me...yup, they were right about me. If you work in the software industry, it's extremely common. Also, autistic traits vary by culture

          • Also, autistic traits vary by culture. Things that are autistic in Madrid may be just normal and respectful in China or Korea.

            That's true. I did one of those online tests that don't test for "Aspergers" but just gives you a likelihood of being diagnosed with Aspergers if I were to take a real assessment. I scored very highly. But a lot of it just comes down to natural introversion and some of it definitely was about being brought up not to be outspoken - at least to the levels expected of you in the West.

            I've never had any trouble with trying to understand people's emotions or intentions, and I often pick up what people were in

        • That's a non-sensical statement. Everyone is terrible compared to who ? Some arbitrary standard you invented just now ?

          It's a continuum, some people are much worse than average some people are much better than average. At the far extremes are people who can only process one thing, including ignoring secondary sensory input to people who can hear a conversation, carry on another conversation, catch a ball while playing a video game at a high leve.

          • Relative to doing tasks one at a time. Seriously, there's been scientific studies.

            Science only appears to be nonsense to ignorant people.
            • That has nothing to do with whether the statement is sensical.

              If you want to say everybody is less effective as multiasking width increases then fine. You said everybody is terrible which resigns everybody to the same bucket and leaves no room for characterizing whether some people are better at multitasking than others, however bad they both may be compared to single task ability.

              The fact is there are substantial differences in people's ability to multitask. Yes their ability per task goes down as the

              • You said everybody is terrible which resigns everybody to the same bucket and leaves no room for characterizing whether some people are better

                No it doesn't.

                Language only appears to be nonsense to ignorant people.

                Back to you.

      • I like the phrase "Success is when opportunity meets preparation."

        I like that phrase, too, but like to add "and luck". Elon Musk had brains, drive and resources, but there are likely thousands of others with just as much of all of those who didn't become one of the world's richest men.

        There's a great little book "Success and Luck: Good Fortune and the Myth of Meritocracy" that makes this point well. Success is as much about luck as it is about hard work, brains, etc. But the author also notes that you can improve your luck by trying, that persistence effectively create

    • Musk started off relatively well off, enough for his dad to be able to invest $20k in his first business. He then won the lottery selling out to Compaq. He then won the lottery a second time as part of the PayPal Mafia.

      So the take away is being smart is cool and helpful but wealth and luck are as or more important. Musk didn't start a bunch of businesses because he's some super genius everyone should emulate. He got rich enough to start businesses that didn't need to make money right away. He also knows a b

      • by vivian ( 156520 )

        One main difference from him and most people is that he's willing to risk it all on something he believes in.
        Would you gamble 150 Million on a venture and keep going even though you are days away from bankruptcy, or would you not take the risk, buy a Caribbean island and retire?

        Elon has done this at every stage - pouring his gains from one venture into building the next one, with big risks of financial failure, instead of taking low risk, low return alternatives.
        With both SpaceX and Tesla, he was willing to

        • How close did either get to bankruptcy? Especially while he was writing checks. Because I saw him invest a relatively small percentage of his money in heavily subsidized fields.

      • Musk started off taking $50,000 out of his dad's safe before/in college as spending money. Musk claims his dad only invested $28,000 of the initial $200,000 round in his first company; his dad claims it was more. Narcissist claims he came from nothing and ignores his starting funds, shocker.

    • Something is not logical. We need a deep understanding of how Musk uses his brain.

      You list the positives but not the negatives. One can only speculate the number of stupid things Musk has done that you haven't heard of. But there's nothing unique about Musk's ideas. His uniqueness rather stems from a willingness to actually try the crazy shit you come up with while at the pub with friends, combined with the finances to actually do it.

      You think Musk would have been able to start SpaceX or Tesla if he was a nobody? No, as a nobody he instead had to run a tiny software company called Zip2 t

    • "Musk's companies:

      SpaceX .... [etc etc ]

      Elon Musk hosted SNL. We didn't.

      Should that make all of us want to have the same "Syndrome"?

      Why TF would I want to host SNL? - it would be my worst nightmare. And I would not want any of Musk's other shit. Is that your yardstick of success? to be like Musk? Fuck that. That stuff might be your dream, but not mine,

    • Should that make all of us want to have the same "Syndrome"?

      If you mean the "syndrome" of having tons of cash from your dad to get your initial startup off the ground, giving you enough cash to keep buying larger percentages of paypal after you were booted for incompetence leading to having an even larger amount of cash, then yes.

  • by Anonymous Coward
    He weaseled his way onto the board of the electric car company then ousted all of the people that did the real work.
    • by backslashdot ( 95548 ) on Sunday May 09, 2021 @03:34PM (#61366550)

      Tesla was one of dozens of electric companies, Elon put it on the map and attracted investors and the top talent. Same thing with SpaceX which he founded. We would not have reusable rockets if it wasnâ(TM)t for Elon. He didnâ(TM)t come up with the idea itself, but his passion drove it. He brought together the engineers and held the investors. No question about it. It was also his idea to continue Russiaâ(TM)s previously abandoned work on methane rocket engines. Again, not his original idea per se, but without him the idea was left to rot.

  • ... a chill, normal dude?" --- No. But I also did think he'd be such an asshole, either.
  • Dogecoin pump and dump?

  • by Arnonyrnous Covvard ( 7286638 ) on Sunday May 09, 2021 @03:52PM (#61366608)
    Or does he have good advisers but ignores them? That was an absolutely terrible performance, cringe as cringe can bad. I look at that show and wonder if he is really in charge or just a useful idiot fronting for someone who wants to pull the strings without being seen.
    • No, he is smart and he is also really that bad. That is why he is driving over the competition, they can't wrap their head around someone doing the same stuff as them but is not one of the good old boys working the same old ways. Watch some videos on the early development of home computers and video games in the 1980s, time after time you see the older companies try to run things the old ways and get messed up by new companies that did not do things the way they used to do things. Same here, some time in
    • Or does he have good advisers but ignores them? That was an absolutely terrible performance, cringe as cringe can bad. I look at that show and wonder if he is really in charge or just a useful idiot fronting for someone who wants to pull the strings without being seen.

      What did he have to lose? Whose opinion would be meaningfully changed for the worse by him going on the show? Twitter is a bigger stage. For that matter, so is Joe Rogan's podcast.

    • Or does he have good advisers but ignores them? That was an absolutely terrible performance, cringe as cringe can bad. I look at that show and wonder if he is really in charge or just a useful idiot fronting for someone who wants to pull the strings without being seen.

      This post is an interesting example of a common human misconception, frequently exploited by salespeople and politicians. We tend to perceive someone who is good at interpersonal interactions as competent and trustworthy.

      I think we al know many examples and counterexamples.

      • No, this post is an example of perceiving someone who makes bad decisions as incompetent. If his advisers, people who know him, did not warn him about going on SNL, then he surrounds himself with terrible advisers. If they did warn him, he ignored them. Either way is proof of incompetence.
  • If your image is deteriorating, make a public appearance, attempt to exhibit humor, and make some sad case to garner a pity card. Musk now cashing in on the struggle of people with aspergers and claiming he has communication issues. The same communication issues that wooâ(TM)ed investors for financing and made his billions. Sorry no pity here.
  • Yeah, so what. A lot of us are on the spectrum. Who cares? Mr. Musk is rich, and he can say and do what he wants. He does some amazing things, more amazing than any of the jocks that I grew up with.

  • "by early Sunday Dogecoin was down 40%"

    40% of what? 40% of it's value an hour ago, a day ago, a week ago, a month ago, ...? That "40%" claim is great for scaring people, but it says nothing. Where was the editor for this piece?

    • by N1AK ( 864906 )
      If you need an editor to work out that if a timespan isn't stated it will mean from just prior to the event being discussed then you've got problems.
      • by Mozai ( 3547 )

        Apparently I have problems; it didn't occur to me that a sensible person would invest money in a commodity at the start of a television show and sell it when the television show ended.

        So the event is the cause of this drop? Even though it reached the claimed -40% eight hours after the event... and it went up to -5% of the start-of-SNL value eight hours after that low point. So this was a great scary accusation that was moot in less than a day. Should there be another article after this saying "by late Su

    • 40% of what?

      I took it to be 40% of what it was before he opened his big gob on TV. I'm ready to be corrected.

  • by Urinal Pube ( 4508429 ) on Sunday May 09, 2021 @10:18PM (#61367448)
    "The Spectrum" has become the tech bro equivalent of astrology.
    • by WallyL ( 4154209 )
      Well, like astrology as in the broad descriptions of you behavior based on arbitrary inputs (month of birth), or more like asshole-meter?
  • Can you wank about your deity alone?

    Stop dragging it through town! Nobody but you gives a shit!

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