slothrop@lemmy.ca to Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ@lemmy.dbzer0.comEnglish · 2 days agoSpotify and Major Music Labels Sue Anna’s Archive for $13 Trillionhackread.comexternal-linkmessage-square92linkfedilinkarrow-up1345arrow-down14
arrow-up1341arrow-down1external-linkSpotify and Major Music Labels Sue Anna’s Archive for $13 Trillionhackread.comslothrop@lemmy.ca to Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ@lemmy.dbzer0.comEnglish · 2 days agomessage-square92linkfedilink
minus-squarePhoenixz@lemmy.calinkfedilinkEnglisharrow-up2·22 hours agoAre you going to tell me that investors are bumb enough not to see that nobody will ever even see a % of a % of a % of a % of a % of that number?
minus-squareArseAssassin@sopuli.xyzlinkfedilinkEnglisharrow-up9·21 hours agoWhy, none of that matters. Stock markets run on the hopes and dreams of investors. That’s how guys like Sam Altman can get away with evaluating their company at $1 trillion despite the bottom line showing them doing nothing but wasting funds.
minus-squareranzispa@mander.xyzlinkfedilinkEnglisharrow-up1·6 hours agoWhile I do agree in general, Open ai is not a public company. Valuation logics of private companies are quite different than stock market.
minus-squareArseAssassin@sopuli.xyzlinkfedilinkEnglisharrow-up1·2 hours agohttps://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/
minus-squarePhoenixz@lemmy.calinkfedilinkEnglisharrow-up2·17 hours agoSo in other words, yes, they are that dumb
Are you going to tell me that investors are bumb enough not to see that nobody will ever even see a % of a % of a % of a % of a % of that number?
Why, none of that matters. Stock markets run on the hopes and dreams of investors. That’s how guys like Sam Altman can get away with evaluating their company at $1 trillion despite the bottom line showing them doing nothing but wasting funds.
While I do agree in general, Open ai is not a public company. Valuation logics of private companies are quite different than stock market.
https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/
So in other words, yes, they are that dumb