Wild although not entirely surprising. Congrats, Anthropic.
Makes pretty much no money, has no real opportunity to make money, only a small segment of fanatics actually like it… and yet… infinite stock price.
I’ll give you the point they aren’t actively and intentionally losing money. My point is that everything is fake and… lame.
The question is how are they going to extract $60bil from their customers to earn that money back?
Tech stocks with all the hype are second only to crypto in terms of how easy and fast are to sell (hence BTC dropped and now tech stocks IMHO).
Btw, I was too young to fully remember, but wasn't the year before the dot com crash also full of IPOs?
And thinking about it it makes sense since the decision to pay the outrageous rates for an ad during the Superbowl must be driven by strong emotions (confidence or desperation). In this case, considering there's no clear moat for any of the big players, I believe it's the latter.
yes.
But we all underestimated just how ruthless Zuck would be in turning Facebook into a machine for disseminating propaganda and invading our privacy. It has become more akin to Palantir than MySpace because that's where the money is.
If you give me $1T to spend, I, too, can probably make $14B (this is a metaphor)