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 4 days ago by Cat@ponder.cat to technology@lemmy.world
https://www.bbc.com/news/articles/ce8yl47p4k3o
sexy_peach@feddit.org 4 days ago
He doesn’t need to, they don’t have a business model anyways
Junkernaught@lemmy.dbzer0.com 4 days 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 4 days ago
Whatever their plan is, you just described the one business model they clearly aren’t following by rejecting $100B.
FlowVoid@lemmy.world 4 days ago
I doubt that’s their plan, since they aren’t on the stock market.