Look at this lovely bag. Would you like to hold it?
this post was submitted on 04 Sep 2025
70 points (92.7% liked)
Technology
74831 readers
3086 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
This is the opposite of bag holding though, isn't it? Since it's an expanded offering to sell?
You understand that for someone to sell something, someone else would have to buy it, right?
Anyone who buys is a fucking sucker. It's horrible what these assholes are about to do to their own employees.
It's a trap!
Does that mean they're pulling the emergency rip cord?
I don't understand why Ed Zitron considers this a sign of the end of OpenAI.
Although I only see OpenAI, it seems confident that its IPO can break records.
If you're sure you're going to make $1,000,000,000,000,000 as long as you hold onto 10000 pieces of paper, selling them for way, way less than that is very stupid. Even if it's generational wealth, it's still very stupid.
Most of the openai share owners are already millionares, either via the high salaries or whatever. To have people like altman, a billionaire, sell "trillionare" shares for mere millions of even hundreds of millions strongly implies a need to cash put at the top of the bubble, put those hundreds of millions in your hyped up pocket, and let the rubes hold the bag.
The other part of this is the marketing. It may very well be the biggest IPO ever, which will be splashy and loud and keep the bubble going longer, which is exactly something you want if you have no substance to show instead.
All I hear is NFTs
As far as I know, Altman does not own any shares in OpenAI.
And what a good explanation you gave, although that is what happens in game theory, right? That normally the human being wants more despite the risk.