98
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 10 May 2025
98 points (97.1% liked)
Technology
73944 readers
735 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
How tf did this Ponze Scheme even get as far as the UK Prime Minister's desk?
It's not a Ponzi scheme. Just because you don't like it doesn't mean it's a scam and even if it was a scam that wouldn't be the type of scam that it was.
Absolute worst you could call it is false advertising, because AI does actually work just not very well.
A company that makes negative income every quarter forever, and whose latest edition costs a magnitude more power and is worse than the previous, is worth between $150 Bn and $300 Bn. Many other competing companies equally overvalued.
These are businesses who are only valuable because people keep investing in them. A Ponzi Scheme.