I do not get the skepticism? I 100% trust Zuckerberg that this will be about as profitable as the metaverse. 🤣 🤡 💸
he also got the company to pay for his billionaire tax if it passes
He’s got to be costing more then he’s worth, and at this point he probably has a smaller minority of stock so idk why they keep him around
A.) Meta’s issuing new shares for this, so it’s shareholders, not the company, that are going to pay his tax bill.
B.) The deal is issuing non-voting shares so he still holds the majority of shares that matter after this.
I do wonder how some of these companies intend to actually make money with it.
Anthropic, fair enough, they’ve convinced companies to spend huge amount of money making sure that programmers can’t remember anything or know what that mass of spaghetti does any more.
And MS, presumably it’s all companies spending money on Office 365 Copilot so emails get put in automated holding patterns, and quarterly reports get flashier graphs.
Nvidia, they sell shovels.
But Meta? Their entire business model is scraping data from real people, packaging and selling it to far right politicians and scammers. I’m struggling to figure how AI does anything other than fuck that up.
Nvidia is also doing everything it can to cause artificial shortages in GPUs to raise prices.
How do you think they could increase supply?
