U.S. megacorps dump mountains of cash into AI, get shown up by a Chinese startup operating at a tiny fraction of the cost, and this guy's takeaway is we need to invest even more in this money pit rather than that our corporations are corrupt. Cool!
The DeepSeek announcement from China has been called by some AI’s “Sputnik moment” for America.
It’s precisely why I made AI a top priority in the last Congress and will keep at it.
It’s precisely why I made AI a top priority in the last Congress and will keep at it.
January 28, 2025 at 12:40 AM
U.S. megacorps dump mountains of cash into AI, get shown up by a Chinese startup operating at a tiny fraction of the cost, and this guy's takeaway is we need to invest even more in this money pit rather than that our corporations are corrupt. Cool!
The thing to understand about fascism is that most people you know will be bought off. Bought with promises of peace and stability, bought with business opportunities or paid with actual cash. Most people aren't going to resist. Get used to it and get used to operating in that environment.
October 23, 2025 at 11:27 PM
The thing to understand about fascism is that most people you know will be bought off. Bought with promises of peace and stability, bought with business opportunities or paid with actual cash. Most people aren't going to resist. Get used to it and get used to operating in that environment.
I'm supposed to say SpaceX was profitable in 2024, but it wasn't, that $791M profit included a $659M non-cash tax benefit, fully reversed in 2025.
Operating income: +$466M ('24), -$2.6B ('25), -$1.9B (Q1 '26).
Net loss: $4.9B last year, $4.3B in Q1 2026 alone, all to poison Black neighborhoods.
/3
Operating income: +$466M ('24), -$2.6B ('25), -$1.9B (Q1 '26).
Net loss: $4.9B last year, $4.3B in Q1 2026 alone, all to poison Black neighborhoods.
/3
June 10, 2026 at 1:16 PM
I'm supposed to say SpaceX was profitable in 2024, but it wasn't, that $791M profit included a $659M non-cash tax benefit, fully reversed in 2025.
Operating income: +$466M ('24), -$2.6B ('25), -$1.9B (Q1 '26).
Net loss: $4.9B last year, $4.3B in Q1 2026 alone, all to poison Black neighborhoods.
/3
Operating income: +$466M ('24), -$2.6B ('25), -$1.9B (Q1 '26).
Net loss: $4.9B last year, $4.3B in Q1 2026 alone, all to poison Black neighborhoods.
/3
Corporate Welfare.
UK govts subsidise gas, oil, wind, solar, coal, biomass companies with cash and/or tax breaks.
Free cash. No means testing. No equity stake, nothing repayable.
Since 2020, 20 energy companies made operating profit of £514bn, shareholders enriched.
We get big energy/tax bills.
UK govts subsidise gas, oil, wind, solar, coal, biomass companies with cash and/or tax breaks.
Free cash. No means testing. No equity stake, nothing repayable.
Since 2020, 20 energy companies made operating profit of £514bn, shareholders enriched.
We get big energy/tax bills.
Corporate vs human welfare: The story of Drax
There is no means-testing for corporate welfare payments.
leftfootforward.org
July 1, 2025 at 6:54 AM
Corporate Welfare.
UK govts subsidise gas, oil, wind, solar, coal, biomass companies with cash and/or tax breaks.
Free cash. No means testing. No equity stake, nothing repayable.
Since 2020, 20 energy companies made operating profit of £514bn, shareholders enriched.
We get big energy/tax bills.
UK govts subsidise gas, oil, wind, solar, coal, biomass companies with cash and/or tax breaks.
Free cash. No means testing. No equity stake, nothing repayable.
Since 2020, 20 energy companies made operating profit of £514bn, shareholders enriched.
We get big energy/tax bills.
‘On current estimates, capex will surpass the five firms‘ combined operating cash flow for the first time in 2026. The figure therefore marks an important transition: internal cash generation remains substantial but is no longer sufficient.’ www.brookings.edu/wp-content/u...
September 27, 2026 at 3:11 PM
‘On current estimates, capex will surpass the five firms‘ combined operating cash flow for the first time in 2026. The figure therefore marks an important transition: internal cash generation remains substantial but is no longer sufficient.’ www.brookings.edu/wp-content/u...
While these companies were stupid to continue operating in russia, were they so stupid as to not run with a minimum of cash? 🤔
September 28, 2026 at 4:51 PM
While these companies were stupid to continue operating in russia, were they so stupid as to not run with a minimum of cash? 🤔
Recency bias: Every single story on the post office’s woes should include a paragraph explaining that no one thought it needed to break even until Reagan came along. It’s a public service. www.nytimes.com/2026/06/04/u...
Postal Service Frees Up Enough Cash to Keep Operating for ‘Several Years’
www.nytimes.com
June 5, 2026 at 11:10 AM
Recency bias: Every single story on the post office’s woes should include a paragraph explaining that no one thought it needed to break even until Reagan came along. It’s a public service. www.nytimes.com/2026/06/04/u...
And they probably had to tap into their last reserves, to cover it (basically the operating cash)
‼️ Russia: “The government has unsealed its last reserves: the reserves in the budget accounts have almost halved in two months”
🍿🍿🍿🍿🍿🍿🍿🍿
www.moscowtimes.ru/2025/03/14/p...
🍿🍿🍿🍿🍿🍿🍿🍿
www.moscowtimes.ru/2025/03/14/p...
March 19, 2025 at 4:00 PM
And they probably had to tap into their last reserves, to cover it (basically the operating cash)
Amazon's flat operating earnings and plunging free cash flow is the textbook definition of shitty ROI capex.
November 1, 2025 at 3:11 PM
Amazon's flat operating earnings and plunging free cash flow is the textbook definition of shitty ROI capex.
Add this to the mix
August 1, 2025 at 11:55 PM
Add this to the mix
The ongoing capex surge in the S&P 500 (mostly Tech) continues to produce a big gap between projected (next-12-month, NTM) operating cash flow and free cash flow.
So valuations are somewhat expensive vs history but not bad using operating cash flow, but still very expensive using free cash flow.
So valuations are somewhat expensive vs history but not bad using operating cash flow, but still very expensive using free cash flow.
September 28, 2026 at 1:24 PM
The ongoing capex surge in the S&P 500 (mostly Tech) continues to produce a big gap between projected (next-12-month, NTM) operating cash flow and free cash flow.
So valuations are somewhat expensive vs history but not bad using operating cash flow, but still very expensive using free cash flow.
So valuations are somewhat expensive vs history but not bad using operating cash flow, but still very expensive using free cash flow.
We’re still pretending Trump is smart, still pretending the GOP doesn’t gorge on racism, still operating like the msm does bad coverage on accident, still pretending Democrats are cash poor and fighting their best. Insane lies, all of it.
April 7, 2026 at 12:16 PM
We’re still pretending Trump is smart, still pretending the GOP doesn’t gorge on racism, still operating like the msm does bad coverage on accident, still pretending Democrats are cash poor and fighting their best. Insane lies, all of it.
B of A: Our S&P year-end target of 7100 suggests 6% downside ..
Big Tech “cash flow conversion has flat-lined, IG and equity supply has increased, buybacks as a percent
of market cap have slowed and capex as a percent of operating cash flow for
hyperscalers is forecast to reach nearly 100% ..”
Big Tech “cash flow conversion has flat-lined, IG and equity supply has increased, buybacks as a percent
of market cap have slowed and capex as a percent of operating cash flow for
hyperscalers is forecast to reach nearly 100% ..”
June 8, 2026 at 5:15 PM
B of A: Our S&P year-end target of 7100 suggests 6% downside ..
Big Tech “cash flow conversion has flat-lined, IG and equity supply has increased, buybacks as a percent
of market cap have slowed and capex as a percent of operating cash flow for
hyperscalers is forecast to reach nearly 100% ..”
Big Tech “cash flow conversion has flat-lined, IG and equity supply has increased, buybacks as a percent
of market cap have slowed and capex as a percent of operating cash flow for
hyperscalers is forecast to reach nearly 100% ..”
Labels bid away each other's margins, depriving themselves of operating capital to find and record new music and starving them of free cash flow to pay to musicians, employees and shareholders.
20/
20/
September 4, 2026 at 10:02 AM
Labels bid away each other's margins, depriving themselves of operating capital to find and record new music and starving them of free cash flow to pay to musicians, employees and shareholders.
20/
20/
2025 numbers from Anthropic’s IPO prospectus:
• Revenue: $4.6B, up 12x
• Total operating expenses: $12.65B
• Operating loss: $8.06B
• Cash + investments: $20.28B
• Future cloud obligations: $518B 🤯
• Nearly 25% of revenue came from just 2 customers
Anthropic is targeting a valuation above $2T.
• Revenue: $4.6B, up 12x
• Total operating expenses: $12.65B
• Operating loss: $8.06B
• Cash + investments: $20.28B
• Future cloud obligations: $518B 🤯
• Nearly 25% of revenue came from just 2 customers
Anthropic is targeting a valuation above $2T.
EXCLUSIVE: Anthropic's IPO prospectus shows sweeping AI vision, surging costs
Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. The ...
www.reuters.com
September 29, 2026 at 1:35 AM
2025 numbers from Anthropic’s IPO prospectus:
• Revenue: $4.6B, up 12x
• Total operating expenses: $12.65B
• Operating loss: $8.06B
• Cash + investments: $20.28B
• Future cloud obligations: $518B 🤯
• Nearly 25% of revenue came from just 2 customers
Anthropic is targeting a valuation above $2T.
• Revenue: $4.6B, up 12x
• Total operating expenses: $12.65B
• Operating loss: $8.06B
• Cash + investments: $20.28B
• Future cloud obligations: $518B 🤯
• Nearly 25% of revenue came from just 2 customers
Anthropic is targeting a valuation above $2T.
Our government is reasoning and operating like the Mafia. Zelensky just showed them what true patriotism looks like, not cash-and-carry patriotism.
February 14, 2025 at 6:18 PM
Our government is reasoning and operating like the Mafia. Zelensky just showed them what true patriotism looks like, not cash-and-carry patriotism.
Microsoft turned a McDonald’s cash register into an operating system.
July 13, 2026 at 11:29 AM
Microsoft turned a McDonald’s cash register into an operating system.
AI hyperscaler operating cash flow is expected to exceed capex next year BofA
November 25, 2025 at 10:39 AM
AI hyperscaler operating cash flow is expected to exceed capex next year BofA
Next up is cash flow. Higher A/R and higher inventories are both uses of cash; you back both out of net income (accrual accounting) to get to operating cash flow (cash accounting). So this is just a rehash of the points already made. An honest analysis would be transparent about that. This isn’t.
November 23, 2025 at 1:57 AM
Next up is cash flow. Higher A/R and higher inventories are both uses of cash; you back both out of net income (accrual accounting) to get to operating cash flow (cash accounting). So this is just a rehash of the points already made. An honest analysis would be transparent about that. This isn’t.
Breaking news: Former senator Bob Menendez has been sentenced to 11 years in prison for operating what prosecutors called one of the most brazen corruption schemes in U.S. history, with bribes totaling nearly $1 million in cash, checks and gold bars.
Former senator Bob Menendez sentenced to 11 years in prison in corruption case
Former senator Bob Menendez was sentenced to 11 years in prison for operating what prosecutors called one of the most brazen corruption schemes in the country’s history.
www.washingtonpost.com
January 29, 2025 at 8:53 PM
Breaking news: Former senator Bob Menendez has been sentenced to 11 years in prison for operating what prosecutors called one of the most brazen corruption schemes in U.S. history, with bribes totaling nearly $1 million in cash, checks and gold bars.
Detroit’s first Black-led grocery store sends out a fundraising SOS amid financial struggles
Detroit’s first Black-led grocery store sends out a fundraising SOS amid financial struggles - Detroit Metro Times
Detroit People’s Food Co-op is turning to its members and the community for help as it works through cash-flow problems and rising operating costs.
share.google
September 29, 2026 at 11:09 PM
Detroit’s first Black-led grocery store sends out a fundraising SOS amid financial struggles
HP printers used to be a cash grab, designed to take your money and offer as little as possible in exchange. Now it's no longer about the money. Hewlett Packard is operating out of pure sadism.
April 5, 2026 at 10:55 AM
HP printers used to be a cash grab, designed to take your money and offer as little as possible in exchange. Now it's no longer about the money. Hewlett Packard is operating out of pure sadism.
We're not in a bubble. 🫧
How do I know?
Because Palantir ($PLTR) is only valued at 64x Sales, 435x LTM Operating Income and 160x Operating Cash Flow.
It's not too late to buy in at these moderate levels...
How do I know?
Because Palantir ($PLTR) is only valued at 64x Sales, 435x LTM Operating Income and 160x Operating Cash Flow.
It's not too late to buy in at these moderate levels...
December 5, 2024 at 1:51 PM
We're not in a bubble. 🫧
How do I know?
Because Palantir ($PLTR) is only valued at 64x Sales, 435x LTM Operating Income and 160x Operating Cash Flow.
It's not too late to buy in at these moderate levels...
How do I know?
Because Palantir ($PLTR) is only valued at 64x Sales, 435x LTM Operating Income and 160x Operating Cash Flow.
It's not too late to buy in at these moderate levels...
A peaceful way to temporarily starve Trump 2.0 of operating cash. Who do you think is funding the federal government every week?
Here's my idea for the biggest mass peaceful protest in US history. Everyone whose compensation is subject to mandatory withholdings should file an amended W-4 & have $0 income taxes withheld. Trump crippled the IRS & it won't be able to do fuck all about it.
Eliminating mandatory federal withholding on wages will go a long way to leveling the tax paying playing field. Everyone files a quarterly estimate of their tax liability. Conduct online seminars on how to tie up the IRS, register an anon LLC...See where this is going?
September 27, 2026 at 11:15 PM
A peaceful way to temporarily starve Trump 2.0 of operating cash. Who do you think is funding the federal government every week?