@tupped.bsky.social once advised me, when pondering the state of the world, to pay attention to The Money. Not the VC promises of money tomorrow but The Money as a visceral power. When The Money decides something The Money tends to make it happen. When The Money coughs, someone is catching a plague.
Daragh Ó Briain
Very important point: SoftBank was pledging *all* of its OpenAI stock (worth $60bn+ on paper) to get a $6 billion margin loan. Banks turned it down due to concerns about the value of OpenAI stock. Banks clearly do not think OpenAI is worth $852 billion.
www.tradingkey.com/analysis/sto...
Ed Zitron
SoftBank's attempts to get a margin loan on its OpenAI stock have fallen apart
archive.ph/pV6yL#select...
