The point wasn’t to buy, the point was to fuck with the valuation and suffer zero repercussions.
Could Musk damage OpenAI even if his $100bn bid for it fails?
Submitted 10 months ago by Cat@ponder.cat to technology@lemmy.world
https://www.bbc.com/news/articles/ce8yl47p4k3o
sexy_peach@feddit.org 10 months ago
He doesn’t need to, they don’t have a business model anyways
Junkernaught@lemmy.dbzer0.com 10 months ago
The business model is pretty clear, put out as much hype as possible, overinflate the stock price, cash out and leave the chumps holding the bag.
MagicShel@lemmy.zip 10 months ago
Whatever their plan is, you just described the one business model they clearly aren’t following by rejecting $100B.
FlowVoid@lemmy.world 10 months ago
I doubt that’s their plan, since they aren’t on the stock market.