logi comments on Slot Machines vs. Vibe Coding

[–] logi@piefed.world 77 points 1 year ago (5 children)

Yes. Except that cursor is running at a loss and so is the company running the LLM that they pass all the work on to.

[–] abbadon420@sh.itjust.works 30 points 1 year ago (4 children)

It's not about the company. It's the investors that are making the profits. They dont care whether its making a profit or not, as long as they are making a profit themselves.

permalink

fedilink

source

parent

hideshow 4 child comments

[–] snooggums@piefed.world 24 points 1 year ago (2 children)

How are the investors making a profit when the company is being run at a massive loss?

Probably selling their shares to the next grifer or something, I don't know how the stock market casino actually works.

permalink

fedilink

source

parent

hideshow 2 child comments

[–] abbadon420@sh.itjust.works 25 points 1 year ago

Yeah that's basically it. They're betting that they're not holding the shares when the company falls. Sometimes they are actually betting the opposite

permalink

fedilink

source

parent

[–] Botzo@lemmy.world 1 point 1 year ago

Yes, the bubble is a pure speculation (growth) game. As long as the new shiny makes more people want in on the stock (public or private) continually, share prices grow and the company has continued runway.

Eventually, private equity exits with an IPO and the public gets a chance to be left holding the bag too.

permalink

fedilink

source

parent

[–] exu@feditown.com 3 points 1 year ago

OTOH OpenAI is not on the public stock market, so current investors can't really sell their shares and there's no way they actually raise the valuation it has.

permalink

fedilink

source

parent