alt Hacker NewsI'm old enough to remember when companies worth $1 billion were called "unicorns." Now we have a company raising 122 times that? Valued at nearly 1000 times that...?
At least they're throwing consumers a bone via the ARK deal. It's crazy how little AI exposure is available to anyone who isn't already wealthy and/or connected.
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> At least they're throwing consumers a bone via the ARK deal.
https://www.ark-funds.com/funds/arkvx
The fund is invested in most of the hot tech companies.
An ARK ETF is a smell to me. Besides, based on their holdings, i would never invest. 18% of the fund is SpaceX
I would not call an effective 2.9% expense ratio "throwing a bone".
Even a billion dollars is crazy money. If you have a company with a subscription service that costs $100 yearly, you have ~2m customers, with a 50% profit margin. Your company makes ~100m every year in profit. Imo that's what is actually worth a billion dollars, maybe even a bit less.
The money is worth much much less than it was before, we live in times of global hyper inflation.
> At least they're throwing consumers a bone via the ARK deal. It's crazy how little AI exposure is available to anyone who isn't already wealthy and/or connected.
It is deliberate. Period.
It's always been known that you make money in the private markets and pre-IPO companies and retail is the final exit for insiders and early investors.
Retail is not allowed to be early into these companies (Because that would ruin the point of being an insider) and this "exposure" has to be at the near top.
I think this is reality-distortion field rivaling that of Jobs', and a crisis of faith. Nobody apparently believes that capital is worth investing into anything but AI.