Economy stonks v26
- Thread starter rob mafia
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I mean...Chat GPT is pretty cool, but this seems a bit wild, no?:
OpenAi, the firm behind the ChatGPT chatbot, is said in talks to sell existing shares in a tender offer that would value the company at about $29 billion.
Venture capital firms Thrive Capital and Founders Fund are in discussions to invest in the deal, which would include at least $300 million in shares sales, according to a WSJ report, which cited people familiar. The transaction is structured as a tender offer, where investor buy shares from existing holders.
The $29 billion valuation for OpenAI would be about double the $14 billion valuation the company was valued at in 2021, when it last completed a tender offer, according to the WSJ.
The WSJ reported in late October that Microsoft (MSFT) was said to be in advanced discussions for a new funding round for OpenAI. Microsoft disclosed in July 2019 that it invested $1 billion in OpenAI.
The Information reported on Tuesday that Microsoft (MSFT) is reportedly working on a version of its Bing search engine that uses the artificial intelligence software behind ChatGPT, to help with search inquiries, as it looks to close the gap with search engine leader Google (GOOGL).
OpenAi, the firm behind the ChatGPT chatbot, is said in talks to sell existing shares in a tender offer that would value the company at about $29 billion.
Venture capital firms Thrive Capital and Founders Fund are in discussions to invest in the deal, which would include at least $300 million in shares sales, according to a WSJ report, which cited people familiar. The transaction is structured as a tender offer, where investor buy shares from existing holders.
The $29 billion valuation for OpenAI would be about double the $14 billion valuation the company was valued at in 2021, when it last completed a tender offer, according to the WSJ.
The WSJ reported in late October that Microsoft (MSFT) was said to be in advanced discussions for a new funding round for OpenAI. Microsoft disclosed in July 2019 that it invested $1 billion in OpenAI.
The Information reported on Tuesday that Microsoft (MSFT) is reportedly working on a version of its Bing search engine that uses the artificial intelligence software behind ChatGPT, to help with search inquiries, as it looks to close the gap with search engine leader Google (GOOGL).
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before this news dropped, i saw/heard shit about chatgpt like 12 times in the last day. never heard of it before (that i remember, at least). so i'm guessing they had their bots go ham shitposting
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It was discussed heavily on the Joe Rogan podcast a few days ago.
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$100/share is when it gets interesting. If it can’t hold 100 it’s going to steady bleed until earnings on 1/25.
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Any big losers or winners to countertrend?
Finally some green days for my failed BOIL play. It dipped suddenly and I meant to double down and somehow accidentally sold a bunch instead. I caught it quickly, but not before missing a 2% spike. Cost myself almost a grand lol.
I am betting that after this overall short-cover style rally that its time to short high val growth again.
Finally some green days for my failed BOIL play. It dipped suddenly and I meant to double down and somehow accidentally sold a bunch instead. I caught it quickly, but not before missing a 2% spike. Cost myself almost a grand lol.
I am betting that after this overall short-cover style rally that its time to short high val growth again.
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yay right
It's wild to see how quiet it's gotten here with so many casuals getting their shit pushed in on stonks etc...
during peake GME retardation we could do a 50 pg thread in 1-2 days.
This one has lasted an entire quarter and is pacing to last 5 months.
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"It's only when the tide goes out that you learn who has been swimming naked."yay right
It's wild to see how quiet it's gotten here with so many casuals getting their shit pushed in on stonks etc...
during peake GME retardation we could do a 50 pg thread in 1-2 days.
This one has lasted an entire quarter and is pacing to last 5 months.
I remember making fun of Cathie in here and having posters actually come in and defend her lol.
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Am I crazy that I think Cathie gets the last laugh.
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I just don't understand why random traders think they are going to win. It makes no sense. The market return is average. It is a zero sum game. Trading cost fees. You're trading against institutional investors with recent information.
It makes no sense to think you're going to be killing it, playing around here.
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Cathie herself is collecting fees regardless of her fund's performance, so she's fine. Her investors, on the other hand...not so much:
With just two trading weeks left in 2022, Cathie Wood’s flagship ARK Innovation ETF (NYSEARCA:ARKK) looks to hold onto the more than $1.5B worth of investor capital that it attracted during the year. This influx came despite a plunge of more than 60% in the fund's trading price.
In total, ARKK was able to attract $1.54B in 2022 while the ETF's price dropped 65.7%. The steep drop follows 2021’s decline of -25%. In the sphere of 2,750 ETFs that don’t include leveraged or inverse funds, ARKK ranked as the 20th worst performing exchange traded fund in 2022.
While ARKK was able to garner net new money despite its poor performance, SPDR S&P 500 Trust ETF (NYSEARCA:SPY), the world’s largest exchange traded fund, which tracks the price movements of the benchmark S&P 500 (SP500), saw capital outflows on the year of $4.27B. SPY has dropped 18.4% in 2022.
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It makes far less financial sense to go to a roulette table, but plenty of people still do it. They just need the action.
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Tons of casuals got liquidated and a lot of veteran guys like myself are sitting out the BS and only taking an occasional nibble while waiting for the real show to get started. I've been almost entirely in bonds & commodities since covid hit and can probably count the number of stocks I've traded on my hands with a couple fingers left over.
Your average trader is completely ignorant of market trends & dynamics, and the vast majority of them have never traded during a full-on market crash. Not to mention they vastly overestimate their skills after they hit the jackpot on some meme stocks.
Those folks are why guys like me are able to retire early.
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...just sayin, but a lot of brokerages have 0 fees for trades... now if you mean finra/etc, sure. but that also applies to tutes.
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But they don't have zero % fees. You're paying somehow by using their platform.
There was a recent study that the average retail investor underperforms the total US market by like 11% per year.
https://www.investopedia.com/retail-investors-are-underperforming-the-market-5118497
Even if it is only in 2022, the 11% down exposes the grift. We're getting farmed.
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