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Joined 3 years ago
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Cake day: June 26th, 2023

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  • A lot of their revenue is also investment from hardware and software vendors that are using the revenue from the AI companies for those investments.

    It’s like the Enron scheme, but instead of one company inventing fake companies to move money around to increase revenue and drive up prices to hide the fact they’re hemorrhaging money while the C-suite tries to divest their own money from the company, it’s multiple companies working together to move money around to increase revenue and drive up prices to hide the fact they’re hemorrhaging money while the major investors try to find a way to cash out.

    Anthropic is anxious to do their IPO because they know their business model is fucked, and their shareholders want out.



  • “Nonprofit” and “Valve” don’t belong in the same universe. Valve is and has been 100/ about making money, and it’s been very, very good at it. They behave like they do because they aren’t publicly traded, so there aren’t short-term investors wanting to pump the stock and bail out, so they look at actual long-term investment and profit strategies.

    People love Steam around here, but it was the beginning of modern enshittification of gaming. It was literally launched as a way to create an online activation requirement for a single-player game (Half Life 2), and they’ve fully-embraced lootbox mechanics for years.

    Gabe is a billionaire yacht collector, not your buddy. Public companies exist to drive up share value at all times. Valve exists to make Gabe more money.






  • CAFE regulations are based on vehclicle footprint as of 2012. That’s why all the small trucks suddenly disappeared from the market that year. They had stricter fuel-economy standards than a sedan. The giant vehicles we’re gettimg today is the result of regulations that make it easier to just keep making vehicles bigger than to make them more efficient.

    People will pay good money for a 15yo Ranger because you can’t get an equivalent vehicle new. The marketing to make oversized cars trendy is to prevent competition for the new vehicles coming from the used market.




  • That’s what’s on the table now, but it doesn’t look good.

    The Supremely Court is about to rule, essentially, on whether states can even attempt to sue the oil companies over the states’ climate-change-related expenses.

    The danger for the oil companies right now isn’t final Judgement from those lawsuits, but the discovery process. If the states are allowed to proceed, the oil companies have to turn over records, which will then become public. It’s not only damning socially, but they’ll also show that they lied to their investors, and THAT would trigger a mountain of lawsuits that could do real damage.

    But with the current Court, I’m not hopeful.