Author seems to be conflating valuation and projected revenue
Nvidia just paid $20B for a company that missed its revenue target by 75%
111–120 of 207 posts
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#112Earlier quoted context omitted.
It's different because it's all about that now. The Clintons had their scandals, the "pay to play" lists etc. We all know they are in bed with the moneymen. But it didn't define their administration, and they were pretty hush-hush about it. Trump on the other hand is completely open about this. He even brags about making money from deals, something that was previously considered a huge conflict of interest. He appoin…
I love the spirit of your comments but IMO it is misguided The US used to have values. It was a country that was at least trying to be the good guy. This really is all wrong. One might think this based on pitches from different times but all Empires are evil by their definition and America has always been that, always
> This really is all wrong. One might think this based on pitches from different times but all Empires are evil by their definition and America has always been that, always
Again, the problem with this train of logic is you inevitable condemn everyone and everything as evil, at which point the word completely loses its meaning. Evil is only useful as a term if there are actually things that are not evil.
America has certainly done immoral, unethical and frankly evil things. It's also done moral, beautiful and even heroic things. It's a big complicated entity made up of literally millions of people and trying to summarize it as "good or evil" is pointless.
The reason this nuance matters is that we want, need to encourage doing good and the first step to doing that is to actually be able to distinguish between good and evil.
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#113> I don't understand how market regulators allow this. The US government is literally for sale. Businesses know that this window is limited and are executing antitrust manuvers left and right while they can.
the window is un-limited so there is not rush. the government has been for sale for a long time and will continue to be so regardless of who is “running the country”
> the government has been for sale for a long time
The government has been under significant influence of corporations for a long time: this is true. But now bribes are being accepted unabashedly. Presumably, hopefully, this won't last beyond the current administration. To equate the two is dishonest.
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#114> I don't understand how market regulators allow this. The US government is literally for sale. Businesses know that this window is limited and are executing antitrust manuvers left and right while they can.
the window is un-limited so there is not rush. the government has been for sale for a long time and will continue to be so regardless of who is “running the country”
Can you tell me the last US president to accept literal bars of gold and jumbo jets from foreign monarchs? Or the last one who ran a crypto coin, pardoned a crypto billionaire who he claimed not to know?
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#115It's a shame. Groq was really great. Nvidia is stifling innovation here. I don't understand how market regulators allow this.
what was great about Groq? The token speed? Last I checked they aggressively throttled how many requests you could make.
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#116This article was good, but the blaming the us-east-1 outage on layoffs doesn't seem accurate.
Gell-Mann Amnesia Effect.
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#117Earlier quoted context omitted.
how exactly is different…? I give you Trump, you give me Biden. I give you Scott, you give me Pelosi. I give you Bush, you give me Clinton… it is not different but regardless of whether it is or isn’t no one is defending it. it is just a disservice to everyone to think somehow magically things are all this different now than before, same crap different toilet paper
It's different because it's all about that now. The Clintons had their scandals, the "pay to play" lists etc. We all know they are in bed with the moneymen. But it didn't define their administration, and they were pretty hush-hush about it. Trump on the other hand is completely open about this. He even brags about making money from deals, something that was previously considered a huge conflict of interest. He appoin…
The major difference is the disappearance of shame.
However, the greatest enablement was the overblown cynicism large swaths of the american elites had towards the national proclaimed values. When you think everything is cynical even when it is not then the next step is to have governments that are completely cynical.
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#118Earlier quoted context omitted.
how exactly is different…? I give you Trump, you give me Biden. I give you Scott, you give me Pelosi. I give you Bush, you give me Clinton… it is not different but regardless of whether it is or isn’t no one is defending it. it is just a disservice to everyone to think somehow magically things are all this different now than before, same crap different toilet paper
Ok, give me biden. Where are his lists of corruption scandals[1]? His public statements about taking bribes? I'm not quite sure how to explain this very obvious point: biden and his government was not corrupt in any meaningful sense and trump and his government is extremely corrupt and pretending that they're the same is both factually wrong and has the effect of protecting trump and his corruption. The point isn't t…
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#119> About a year ago, Groq announced a $1.5 billion infrastructure investment deal with Saudi Arabia. They also secured a $750 million Series D funding round.... Then in maybe one of the best rug pulls of all time, in July they quietly changed their revenue projections to $500 million. A 75% cut in four months. I’ve never seen anything like that since the 2008 financial crisis. Not following the core argument here. Aut…
Yeah the point is you aren't supposed to mislead investors with overly rosy revenue projections. That's fraud (but probably hard to prove). If they told the investors privately then they're probably fine, but I doubt they did.
Any time a forward-looking statement is given in an investment context it has a safe harbor caveat attached about how it could be wrong. Companies miss revenue projections all of the time. That's not fraud.
Re: Nvidia just paid $20B for a company that missed its revenue target by 75%
#120Earlier quoted context omitted.
Under current DoJ antitrust guidelines, there's nothing to stop a future administration from reviewing any anti-competitive actions ignored by the current one as part of an anti-competitive series of actions: https://www.justice.gov/atr/merger-guidelines/applying-merge... So those businesses either know, or expect, that either: a) these guidelines will be changed in a way that makes them hard or impossible to revert…
Or (c) that any future administration is going to have a lot of more pressing concerns that will drown out seriously relitigating past mergers and acquisitions, and any concerns they do have will most likely be mollified with agreed remedies that sacrifice far less than the value of doing the merger. Very few administrations do everything they theoretically could under the law and their own guidelines (even the ones…
I don't think future administrators would enforce laws retrospectively and thereby dent their business friendly image in the process.