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How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise

(www.nytimes.com)
387 points reaperducer | 3 comments | 31 Oct 25 13:03 UTC | HN request time: 0.629s | source
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righthand ◴[31 Oct 25 13:56 UTC] No.45772028[source]▶
I honestly don’t get it. People love being swindled? Or people have enough cash to throw into the swindling machine even for no gain? Must be nice.
replies(4): >>45772052 #>>45772060 #>>45772071 #>>45772321 #
1. ak_111 ◴[31 Oct 25 13:59 UTC] No.45772060[source]▶
You can do a lot of money in swindles and bubbles if you time your exit well. There is a fair bit of opportunistic investors who did well in the NFT craze, who speculated knowing fully well that NFT is a craze that will go to zero.
replies(2): >>45772069 #>>45772130 #
2. jacquesm ◴[31 Oct 25 14:00 UTC] No.45772069[source]▶
The Greater Fool theory of investing strikes again.
3. itsnowandnever ◴[31 Oct 25 14:06 UTC] No.45772130[source]▶
everything will eventually go to zero. we look at some of these things and laugh because we're pretty sure they're going to go to zero within weeks or months vs years. but by the end of all of our lifetimes, most the companies on the stock market will be replaced. the few that won't are probably investment banks like goldman sachs