zane.io
👤 Joined on 03 July 2023
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It is not money leaving the company. When the IPO happens it converts into equity. If anything, the size of it is a good sign. You can still be amazed by the 8B$ loss (which up until about 3 years ago was considered a lot of dollars!) but please interface with reality.
Show PostAs their favored party appears to be headed towards a historic wipeout, the press retreats to their happy place.
Show PostAre we gonna do this, Bluesky? Are we all just gonna not understand accounting? 72B$ of the 80B$ is convertible notes. They became greater liabilities because the company's valuation skyrocketed. They don't have an 80B$ loss in the sense that almost everyone here is imagining.
Show PostDay 1 of the next Democratic administration: yank Musk's security clearance and then immediately force him to divest his controlling share of SpaceX on national security grounds.
Show Postget used to it, you motherfucker
Show Post