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$374m purchase cost / $2.3t market cap to own your property rounds pretty close to zero. > Earlier this year, Preylock had quietly auctioned the properties for
by jauntywundrkind 2y ago
$374m purchase cost / $2.3t market cap to own your property rounds pretty close to zero.
> Earlier this year, Preylock had quietly auctioned the properties for sale after receiving an unsolicited bid from a foreign buyer.
Really want to know who that bidder was. Was this just a market opportunity, a chance to charge a company hella money, or were there some sovereign interests in trying to take over the land? We won't know even if we do hear the would-be buyers, but espionage or manipulation seems hard to discard out of hand.
Last, a little editorializing: I struggle to imagine the cohones required to name my landlording company Preylock. Truth is stranger than fiction, part 2.3 trillion.
- hi-v-rocknroll 2y agoIn terms of value investing and long-term outlook, NVIDIA is severely over-valued from temporary market demand driven mostly by just Microsoft and Meta dropping tens of billions over a few years. They will either build their own AI/GPU chips and/or realize they don't need as much computational power per year every year for any specific, monetizable apps. Either way, NVIDIA will quickly become irrelevant in the FAANG space and its stock price will crater.
- tschwimmer 2y agoI really want to make a social media site where if you post stuff like this you have to also post proof that you have taken a financial position aligned with it.
- hi-v-rocknroll 2y agoI worked at Meta and saw the CapEx outlays, and I own META stock. They're buying and building shit without having a specific product that will use it. It's "build it and they will come" "logic" rather than starting by building something people love and need and are willing to pay for or can make money from indirectly.
- muziq 2y agoI had a co-worker who told me something similar with regards to Nvidia circa 2008, thankfully I didn’t listen to him ;)