Completely different use cases.
Matrix is shared interest groups.
Signal is for personal communication.
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Cake day: June 22nd, 2023
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The majority did not go to college.
No they don’t. Not in my experience.
Remember, half of people are below average and average isn’t that impressive.
4·2 days agoI’d heard it was more that they said the AI business had taken the oxygen out of the room for them. Software was getting ignored. I think everyone knew IBM wasn’t an AI player, but them saying AI had a knock on effect for them scared some.
It’s since recovered, but it was one hell of a reaction.
Yeah, they bounced and flattened out to where they were before. I think it just shows that the markets are on a hair trigger right now.
Zitron’s sign of the AI-pocalypse.
And IBM had a 25% loss in a day.
SpaceX employees are probably not happy about being used as a dumping ground for an AI black hole company. I expect many are counting the days until they can leave.
Is that going to be 20% of stock held by each employee can be sold, or 20% of employees can sell their stock?
If it’s the latter then yes, I can see them cashing out and leaving.
Yep. AI has drained the venture capital well dry. So…
- You merge xAI with SpaceX to make one profit making company and a loss making company in to a mixed financial bag.
- Hype “Data-centres in Space” for a good six months to make it seem like it all makes sense.
- Sell all your compute to Anthropic / Google (with 90-day termination clauses) to get some revenue on the books.
- Lobby that you’re such a good deal S&P and NASDAQ should change their rules to admit entry to their “required to buy” stocks. NASDAQ bites, but S&P refused.
- IPO: $80B raised from IPO partners (banks) at $135 per share. Job done. No control lost because the share of the company was so low.
- IPO subscribers (banks) sell to markets at upto $225. Lots of happy bankers. Retail markets (e.g. investment funds) now holds the shares, but it’s all good, right? Nasdaq have it listed so there’s an enforced buy in two weeks.
- Stock slides. Enforced buy comes at ~$145 per share and it feels a bit more firm for a day or two.
- Stock resumes it’s slide to below it’s IPO price.
- Stock now sits at $124
Net result:
- Space X : +$80B
- IPO subscribers: +$40B…ish
- Public Shareholders: +5% of SpaceX (Currently $69B) & -$120B
I don’t think you even have to argue it. If you move the top 7 from the us economy, the US has been in recession for about a year I think.
That doesn’t make sense so I went and looked it up.
So each employee can sell 20% of their stock (probably options, but since they’ve had an “Employee Share Purchase Plan” (ESPP) some will hold actual shares). If 80% of someone’s holdings are dependent on them staying at SpaceX I doubt many will leave after selling 20%.