(www.nytimes.com)

387 points reaperducer | 2 comments | 31 Oct 25 13:03 UTC | HN request time: 0.263s | source

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jacquesm ◴[31 Oct 25 14:01 UTC] No.45772081[source]▶

These kinds of deals were very much a la mode just prior to the .com crash. Companies would buy advertising, then the websites and ad agencies would buy their services and they'd spend it again on advertising. The end result is immense revenues without profits.

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1. orochimaaru ◴[31 Oct 25 14:37 UTC] No.45772433[source]▶

>>45772081 #

Gita Gopinath (imf’s economist) sounded the alarm on the scale of this - https://www.afr.com/wealth/investing/the-crash-that-could-to...

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2. whimsicalism ◴[31 Oct 25 15:54 UTC] No.45773502[source]▶

>>45772433 (TP) #

Stopped clock…

2020: https://www.youtube.com/watch?v=rpiZ0DkHeGE 2019: https://www.cadtm.org/spip.php?page=imprimer&id_article=1732...

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