lmao from one stupid stock to an even stupider stock
imagine selling stock in a company selling shovels to get stock in a company that has no business model
it has a business model, it’s just not the old one where you make something you sell to turn a profit.
it’s the one where you sell a dream to investors and then you have already made a lot of money. actual customers and some semblance of a product come into this eventually, but they’re peripheral things.
Actually, it might be simpler than that. They’re very clearly angling for a government bailout now.
An innovative new method of converting shovels into thermal energy by setting them on fire.
I’ve decided to stop selling shovels to this gold rush and use all my shovels to rush for gold myself. This is going to work out great!
to be fair, maybe they figure OpenAI will get the bail out which makes it a sure bet
recession indicator?!
“Japan’s SoftBank says it has sold its shares in Nvidia for $5.8 billion, turning its focus to OpenAI”
So… “turning its focus” on OpenAI, that buys all their shit from nVidia. OK cool. One step removed from Kevin Bacon. Still paying Kevin Bacon.
WTF is even happening?! “This isn’t a bubble!” Are you sure? Really? Are you sure?
