Ofcourse they are walking it back. Mass layoffs lead to mass unemployment, which triggers economic downturn. Investing in that is like chickens for KFC.
I’ve no idea what the future holds but I’m sure as shit not listening to a word they say.
These fucking snake oil salesmen, I’m so fucking sick and tired of seeing their fucking faces and their fucking doom prophecies
I can’t shake the snake oil feeling of all of this
On second thought, this would be GREAT for my business!
Can we please have the bubble burst before the IPO?
Lol, are you poor or something?
There is so much money sucked into that black hole, that it needs to siphon it from the retirement funds and poors investments.
Banks are not going to be holding the bag, my friend.
Yeah it’s all a scam. They need the money not just from pension plans but from all the people who are in 401Ks to make this work. Hence the rule changes allowing it to skip the standard wait times and profitability metrics to be listed as part of the be part of the top indexes so that most popular ETFs that make up most 401k funds will be required to carry them.
It’s all a fucking scam to get other little guys money.
Having retirements as hostage is one of the worst things in our society right now.
I agree this market seems over bought. We are already seeing lower breath in the market and all of these trillion dollar IPOs are going to suck the liquidity out of the market making it worse.
I’ve sold almost everything and I’m sitting in bonds at least until the EOY or if there is a major correction.
I want to make sure that the schmucks who financed this abomination in the first place pay dearly for it, rather than fleecing the subsequent hapless small investors and the rest of society who don’t understand and will buy into the hype.
The IPO means they’ll be listed in things like the S&P 500 which means they’ll get automatic investment from our pension funds and the like.
Someone needs to do the needful.
And the rule to fast track these IPOs to indices was recently approved.
American voters, tell us again how both parties are the same.
Someone needs to do the needful
Kindly, please. 🙏
With a little luck it will experience a “Rapid Unscheduled Disassembly” before the IPO 😁
Meanwhile musk is racing to do his huge IPO to suck up all investor cash before Altman can get to it. They’re all trying to cash in before the bubble pops, so the damage will be done and it’ll be painful.
Just when you think the geriatric generational 1% are about to pass away and leave the world to younger, more sensible, caring people who want to help the earth heal, arseholes like these guys come along just to ensure we’re all fucked for another 50 years.
Because it was stupid to think it was an age thing.
The insane thing is that we humans just can’t not listen to what those kind of people say.
They are professional liars.
The insane thing is that we humans just can’t not listen to what those kind of people say.
I’ve always wondered that too. If everybody knows someone is lying, why do we have to keep going along with it?
I think part of the problem is they know a lot people want life and entertainment to be the same thing, so they can sell scifi as reality and it’s a sure way to get tithes from the faithful.
It’s not just about AI, though. This is just an incredibly common phenomenon.
For sure, it’s Elon’s whole thing. Look at Star Citizen, same thing. Blur the lines between what’s achievable and what seems feasible and say you need people’s money to make th dream work. Money go brrrrr
Or the Kremlin, or Trump, or …
I don’t know if that’s a good example, in the US everyone reflexively hates and makes fun of the president no matter who it is. Everything the government says is always considered bullshit no matter what. But for some reason this doesn’t apply to CEOs.
-“Trump indicated that the tariffs are going to make the economy …”, “Trump just stated on trut social that the Iran deal …”
The media sure do listen to your presidents ramblings and social media posts.
For one thing I think record keeping.
Like. Part of the problem is he’s lying to investors. He hasn’t ever really cared about what the general public thinks except if it affects what investors think of his product. And it’s important to keep records of what he (and the others like him) says because eventually investors will want to sue (which is the only comeuppance these types ever get) if he doesn’t make good on his lies.
Keeping track of the lies proves that he did lie. Doesn’t do any of us any good if investors believe him and he manages to make a deal with them to sweep the lies under the rug in exchange for something that’s short term lucrative. But that’s why.
The general masses just need drama as far as I can tell. Hate sells. Well, that and I think people like him want to keep people like us afraid so we’re more controllable.
Well we’ve got to keep a record, but we don’t have to go along with it! When Altman says “ai is gonna be smarter than people” we can just say “no it won’t buddy” and call it a day.
Literally nothing behind those fucking creepy eyes.
Can’t wait to short-sell the stuff!
deleted by creator
