this post was submitted on 17 Jun 2026
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Who did not know this already?
The real issue is that nobody seems to care... I mean, the biggest IPO in history just took place, valuing SpaceX (which was in reality a tiny bit of SpaceX, entirely composed of Grok) at almost 2 TRILLION dollars after they showed a 5 BILLION loss in the last quarter
Reality is for suckers I guess
It's not news that they are losing money, but it is news that they are losing tremendously more money than they were previously losing.
It does weaken the argument that scaling up is the path to profitablity, but of course they'll just claim more money and scaling is the way to go. If the market remains manic they can get away with it.
Scaling up definitely ain't the path, every user they get makes them less profitable (source)
They’re both spending more, and losing market share, below 50% for the first time recently.
They replaced the entire market with manufactured vibes.
they are peddling so much AI to BUSINESSes in our area in the form of billboards and conferences. those are the bagholders people are likely to be targeting.
IKR? Was it supposed to be a secret? The game plan is to bleed out the competition, make businesses dependent on AI, and then raise prices sky high.
The classic bait and switch, the entire tech industry works on this
In most industries it's known as predatory pricing, and it's illegal. For software tech\non-physical goods the governments are always just like YOLO.
It's wild we can lose money on this but healthcare or ubi, I bet ubi would help all these businesses/shareholders investing in ai more because ppl would just spend it all every month buying things they don't need
This is an important point. The folks making "investment" decisions aren't just greedy, they're idiots.
The average capitol holder would make bank after UBI, while the government picked up the tab for health costs, and average folks spend the money saved on consumer goods.
But the healthcare industrial complex gives amazing blowjobs or something, to keep the lobbyists acting against most of their own customer's best interests.
Well, the less money people have, the more of their income they spend. This means that maximum spending would be achieved when all income is equally distributed. Hence, as money concentrates at the top, consumer spending drops, which reduces the number of viable businesses, but at the same makes more capital available, since people tend to invest money they don't spend.
Since people in general aren't that good at telling whether an idea will pan out or not, as capital starts concentrating at the top, dumb ideas are more likely to attract a ton of funding. Add to that that spectacular ideas attract more funding, while at the same time tending to be bad ideas.
Essentially, Elon Musk's businesses are valued so highly because his promises of AGI and space colonization are already being priced in as if they were real, existing things, instead of pipe dreams.
And After the IPO they burned 60 billion on a vs code fork that is also hemorrhaging money, but the stock price went up 6%
Los is tremendously profitable companies ran at a deficit for a decade or more. They made their investors a lot of money.
Just a giant grift and we're not stopping it.