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It’s time to block reckless AI IPOs and tax billionaires: We cannot let the billionaire class take unprecedented risks with our future. (www.theguardian.com)
submitted 1 week ago by to c/technology@lemmy.world
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[–] 31 points 1 week ago (9 children)

If an unprofitable company wants to go public with nothing to offer but empty promises , ehy shouldn't they?

Because its fraudulent and in the end its always the people that have less that will end up suffering the consequences?

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  • [–] 6 points 1 week ago* (4 children)

    But that's the thing, it's not fraudulent to run a business that loses money. And these folks are committing no fraud, they are entirely honest in their filings that show they are burning through money with no hope of actual profit.

    Yet, people keep buying. It's like they care less about the underlying business, and more about catching a profit before it all falls apart.

    They don't need to be fraudulent, if they can get just as much investment by being honest.

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  • [–] -2 points 1 week ago (3 children)

    why should a government care about those with nothing to offer it?

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