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SwellJoetoday at 2:38 AM1 replyview on HN

It's years away from $50B/year profit, if it ever gets there. The IPO valuation is insane.


Replies

duttishtoday at 3:09 AM

Plus they now also have to compensate for the giant money fire called xai and the nazi cuddle huddle X/Twitter.

The valuation is insane and the very low float plus short timeframe for actual price discovery just seems built to extract money from index investors.

They can follow the same rules as everyone else.