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Trying to dump on the market before the bubble pops.
by throwaway85825 7mo ago
Trying to dump on the market before the bubble pops.
- outside2344 7mo agoNot sure why you are being downvoted. This is exactly what is happening and why OpenAI is trying to IPO to dump their garbage as well.
- skeeter2020 7mo agomaybe it's the histrionics? Thse personalities are inevitably inflating their own balloons in order to cash out, but that doesn't mean the reality is these companies are worthless. The downvotes come from comments like "OpenAI is trying to dump their garbage". At best that's a silly thing to say. We can argue "fair market value" but it's not zero.
- throwaway85825 7mo agoWhat is the fair market value of an AI company that loses >$10B/year? Of course they have assets that could be stripped and sold for profit but public creditors come last. It's also going to be no where near their private valuation.
- senectus1 7mo agobecause its not accurate. they're milking the market. not dumping on the market. they're only (sic) going for 75 billion. with an evaluation in the trillion mark. This is just more speculative investment. you'll see this again in another year or so with a bigger evaluation on it... it's how the modern economy now "works".
- throwawaypath 7mo agoI netted six figures selling options to doomers like you last year. Please keep this energy up.