Re:OpenAI Completes Deal That Values Company at $157B
by tptacek on Wednesday October 02, 2024 @06:38PM
(#41725580)
Facebook got all the way to an IPO with business fundamentals so bad that after the IPO, Paul Graham wrote a letter to all the then-current YC companies warning them that the Facebook stink was going to foul the whole VC market in the following years. Meta is now worth something like 1.4T.
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Re:OpenAI Completes Deal That Values Company at $157B
by tempusalaria on Wednesday October 02, 2024 @07:11PM
(#41725768)
Facebook grew 100% and had 45% gaap operating margins the year before their IPO.
Facebooks IPO financials were among the best financials at IPO ever
OpenAI has negative 130% adjusted operating margins.
Re:OpenAI Completes Deal That Values Company at $157B
by tptacek on Wednesday October 02, 2024 @07:20PM
(#41725836)
I don't think OpenAI is about to IPO.
Re:OpenAI Completes Deal That Values Company at $157B
by yifanl on Wednesday October 02, 2024 @06:44PM
(#41725621)
Facebook made it out by committing click fraud against advertisers on a massive scale, which I don't see as a viable path for sama (even ignoring any legal concerns) considering that openAI isn't a platform company.
Re:OpenAI Completes Deal That Values Company at $157B
by tptacek on Wednesday October 02, 2024 @06:56PM
(#41725689)
Look, I don't care. At some point we're just arguing about the validity of big tech investing. I don't invest money in tech companies. I don't have a strong opinion about Facebook, or, for that matter, about OpenAI. I'm just saying, you don't need a sci-fi story about AGI to see why people would plow this much money into them. That's all.