Comment on Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained

UnspecificGravity@piefed.social ⁨3⁩ ⁨days⁩ ago

The real lesson here is that if you are a company that was founded on stupid imaginary bullshit your investors are comfortable with investing in stupid imaginary bullshit and it isn’t going to hurt your price.

When you are a legacy tech company whose investors expect you to actually make products that you sell for money, they don’t like to hear that blew every penny you had on fucking magic beans.

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