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Joined 7 months ago
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Cake day: April 19th, 2024

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  • I know generally speaking, people want to use very exacting language when talking about technicals, so it’s not that strange when people hedge edge cases - it’s just what they’re taught to do in their careers.

    But, when we’re talking about financials, instead of being detailed and careful, it’s just sounds desperate when you have to tack on a hundred dollar value add to your supposedly million dollar company.


  • That same tired script of “You can’t say AI is useless, I use it as a $productivityApp, so it’s clearly not worth nothing, which invalidates all your claims.” shows up in Zitron’s comment box, it’s like clockwork.

    I dunno man, maybe it’s because the ability to generate templates and spellcheck is a free feature in most IDEs and would be a rounding error of a rounding error when we’re talking about billion dollar investments?





  • So I should be clear, I dont think theres anything special about Tech companies that should let them be treated differently. But for whatever reason, it is a fact that places like We or Tesla or Theranos or fucking Groupon gets stupid valuations just because they’re “tech” adjacent.

    If the market ever catches on that theres no secret ingredient (and as Zitron’s shown, there are pretty visible public numbers pointing at this), we’re looking at a correction at the trillion dollar scale. Or maybe we never ask Google to put up or shut up, and just keep the fairy powder in our eyes forever.