EffortlessGrace
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Joined 7 months ago
Cake day: November 19th, 2025
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EffortlessGrace@piefed.socialtoAsklemmy@lemmy.ml•How is it LLM companies hoarding all the RAM and fabs complying, fucking up entire industries for years legal?English
0·2 months agoI agree with your sentiment, but I’m compelled to point out that their “billions” is in the valuation of the preferred shares of the corporations they control. If they were to sell to get their billions in cash, the value of their portfolio that analysts purport they have would plummet to pennies on the dollar and very quickly.
Billionaires take out loans using their appraised assets as collateral when they need a couple tens of hundreds of millions in cash.
These billionaires literally writes checks their bodies can’t cash without tacit approval from the Fed and SEC.
EffortlessGrace@piefed.socialto
Free and Open Source Software@beehaw.org•Office EU - Europe's Open-Source Productivity SuiteEnglish
11·2 months agoLibreOffice:




Ironically, luddites against space exploration in this era call for the dismantling of a titanic field of science that is both directly and indirectly responsible for the very device from which they shart out their oh-so-learned opinions to the rest of the world.