slothrop@lemmy.ca to Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ@lemmy.dbzer0.comEnglish · 3 days agoSpotify and Major Music Labels Sue Anna’s Archive for $13 Trillionhackread.comexternal-linkmessage-square103linkfedilinkarrow-up1364arrow-down14
arrow-up1360arrow-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 · 3 days agomessage-square103linkfedilink
minus-squareArseAssassin@sopuli.xyzlinkfedilinkEnglisharrow-up11·2 days 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-squarePhoenixz@lemmy.calinkfedilinkEnglisharrow-up4·2 days agoSo in other words, yes, they are that dumb
minus-squareranzispa@mander.xyzlinkfedilinkEnglisharrow-up1·2 days 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-up3·2 days agohttps://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/
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.
So in other words, yes, they are that dumb
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/