alt Hacker NewsSometime about 20 years ago we all got used to the idea of companies not having to actually make money on their business operations and I worry the bill for this is coming due soon
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riffraff • today at 5:13 AM
It would appear that the relative tax inefficiency of dividends over buy backs (and lack of wealth taxes) has fundamentally messed up the business world.
Alas, I don't see that likely to change.
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weakened_malloc • today at 5:04 AM
It's been that way for a loooooong time https://en.wikipedia.org/wiki/Tulip_mania
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The article says they had $5B in losses (half of which was -$2.5B for xAI) but also just signed a $15B/yr contract with Anthropic which would almost double their revenue
Anthropic is also allegedly profitable https://www.reuters.com/business/anthropic-nears-first-quart...