Comment by Gigachad
2 days ago
Do they have a gigantic tumor like twitter and Space AI slapped on the side? If all of the products were profitable it would work.
2 days ago
Do they have a gigantic tumor like twitter and Space AI slapped on the side? If all of the products were profitable it would work.
I don’t have time to look up whatever Masayoshi Son has wasted a few billion dollars on today, but yes kinda.
Reliance in India basically ran a severe loss for Jio (their new mobile network where they essentially gave the country free mobile internet), but paid for by the profits of their fossil fuel business.
For a while, didn't Amazon do the same? They basically ran a loss with Amazon retail but profits on AWS, until they spun off?
So yes, this is fairly common with conglomerates, (Amazon sold diapers at a loss to put diapers.com out of business). And in fact, this tactic is a target for anti-trust laws where they exist.
I think Twitter is the one that actually makes money.
Until they sold all their compute to anthropic, Ai was the boat anchor.
Starlink makes the money.
No way in hell is Twitter making a lick of profit.
I'm glad someone else gets it.