Oracle made a $300 billion bet on OpenAI. It's paying the price.
finance.yahoo.com/news/oracle-made-a-300-billion-bet-on-openai-its-paying-the-price-205441863.html
Yahoo FinanceOracle made a $300 billion bet on OpenAI. It's paying the price.Investors are wary of Oracle's reliance on OpenAI.Replying to @youradhere@feddit.org
Can we do away with trillion dollar companies already,. please? They’re not doing anything good for anyone, it always ends with some CEO’s and shareholders enriching themselves over the backs of others
No company should ba r a worth of more than a billion dollars
No single person should have a net worth of over 10 million
Replying to @phoenixz@lemmy.ca
to be fair amazon has revenues of 700 billion a year. apple is like 400. You can tax the profits down to nothing but like, we can’t all get iPhones if apple is worth 1billion. im not even sure if they can make an iPhone with 1 billion.
I think the individual 10m is fine, but like, apple has a billion customers. im gonna lose all my photos if they are worth a billion dollars and no new phone. billions of people trying to get a product now, it makes sense that some companies are worth trillions. regulate and tax the shit out of them.
Replying to @TronBronson@lemmy.world
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Replying to @Turret3857@infosec.pub
Thank you! I’m working on ditching adobe and apple currently. one day I’ll be a real linux boi. I have hard drive space just no time to do the transfers and file hunting. If I wasn’t over worked, underpaid and exhausted I would have used a better example. An ASML lithography machine costs 400 Million dollars. So idk how anyone is going to produce chips and be worth less than a billion dollars. OP example needs better numbers. Saying companies can’t be worth more than a billion dollars screams: “I don’t know how anything I enjoy is made!!!” vibes.
Replying to @TronBronson@lemmy.world
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