Meta reported free cash flow of -$2.1 billion in Q3, the first negative quarter since the company went public in 2012. This was driven by the massive 80% YoY increase in AI infrastructure spending (to $34.9 billion), which outpaced the $32.8 billion in operating cash flow. $META
@Kakimg@orbvase No, it's more than that. Netscape opened up access to information and communication between impossible distances between people. AI is corporate taking control over all communication and access to information and destroying public trust.
Sure, Anthropic may have stolen all the world's intellectual property, destroyed the education system, incited mass layoffs among the corporate class, devalued all art and destroyed social trust but somehow they also managed to lose $80 billion in the first half of 2026
After posting a $80 billion loss in the first half of 2026, Anthropic introduces cost cutting measure such as no longer feeding $100 bills into a furnace to keep warm
@pauldiegocraney Michelle Wu campaigned on free buses and trains and delivered lockdowns and vaccine passports in office. She just about murdered the city
$META debt and liabilities explode to $900 billion. Nearly doubling from last quarter.
This company is set up for bankruptcy VERY soon. Nearly matching $GOOG debt and liabilities at $1 trillion with nowhere near the income to pay for it.
$30 billion of additional net income for 30 years would be needed just to break even here.
The first time I saw Netscape Navigator, I said "Holy shit, what is this amazing thing" and it launched my career in tech.
The first time I saw ChatGPT, I said "This is the worst. The internet is dead" and left my 25 year career in tech six months later
@imrobertmine I worked for a man who is sometimes called 'The Godfather of Silicon Valley." I've got a pretty firm understanding of how this works, thanks.
Mayor Jacob Frey says the reason people are "coming after" Somalis is because they "saw the type of economy and entrepreneurship" they are trying to build and that Somalis are the "CEOs of the future".
And no this is not an SNL skit.
I also wanted to pull out a special part of the piece: fuck Jensen Huang. By forcing customers to take early delivery of GPUs to boost quarterly revenues, he artificially inflated the price of RAM and every consumer electronic. He and his hyperscale paypigs are scumbags.
So…
900/1020 non emergency transportation companies registered in Minnesota are registered to Somalians.
They bill Medicaid $135 million per year.
Totally legit.
Definitely not another scheme on the American taxpayers.