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Perhaps we can call this type of maneuver, "The Sam Altman": Your expensive business's mid-term outlook not looking so good? Why not use all that cash/credit to
by riskable 10mo ago
Perhaps we can call this type of maneuver, "The Sam Altman": Your expensive business's mid-term outlook not looking so good? Why not use all that cash/credit to corner the market in some commodity in order to cripple your perceived competition?
- mschuster91 10mo agoHe's not the first one though. The crypto miners used to do the same (I distinctly 'member first GPUs, then HDDs, then ordinary RAM being squoze by yet another new shitcoin in less than a year), and Uber plus the food delivery apps are a masterclass in how to destroy competition with seemingly infinite cash.
- kasabali 10mo agoCrypto miners isn't comparable at all. They were buying finished products and immediately putting them into use.