You operate on the assumption that just because a company isn't claiming profits it's not growing in value, that is just not how the game is played anymore.
Now, sure, the game they're playing, "Go into debt to buy everything in sight and claim you're operating at a loss despite increasing the value of your holdings exponentially" was literally outlawed for being a major factor in the collapse that lead to the Great Depression, but they've surely learned from that, right?
The best part is, it all works, because it all sounds stupid!
Reddit and by extension Lemmy were designed to enable content aggregation. I dislike people having so few principles in general but the system is working as intended by users posting things they find interesting happening elsewhere.
Two sides were presented, covering all possible biases!
He just got tired of making money
Fuck that shit too.
Plus, they can't even admit they're caving to public pressure. Ego-ridden Nazi sympathizers, weird how that keeps happening.
I would call the taste "unique" instead of "questionable" but unfortunately that also means "hard to sell"
"Now with the iStalk+ monthly service!"
The thing is after Peter Thiel made him a multi-billionaire against his best efforts, he did actually put that capital into industries that desperately needed someone to prove to the boomers that you could, and should, make money in them.
There's a whole lot to say about his credit stealing, ego, and the system itself, but the fact remains he does have an eye for talent (that he can exploit for gain)
So, sure, he was just the bankroll, but that doesn't mean the companies didn't desperately need that.
I've googled exact phrases I know took me to the results I was looking for just a few years ago and gotten exactly nothing.
It's just so sad to see the business majors win yet another front in their war against humanity. At least Google Scholar still works. For now.
The only good capitalism sims are GameDevTycoon, which makes you complicit in the enshittification while playing a plagiarized game, and Roller Coaster Tycoon, which accurately depicts the tycoon mindset.