Large block trades happen off exchange often. Secondaries like this are common enough.

Well, the significant growth comes from freemium usage. A whole lot of vibe slop triggering actions, with no supporting business. So revenue has not tracked all other growth and the billing system isn’t stressed.

This is a wild experiment! I do think the incentives are heavily weighted to Anthropic for this to go well. I have mixed feelings about how it will go, but it will result in an important outcome…

P/E ratios are usually based on last 12 months, so E = sum of EPS over last 4 quarters.

Now you have to maintain the automation. There is nothing wrong with that. There is nothing wrong with building your own server. There is nothing wrong with colocation. There is nothing wrong with driving to the colo to investigate an outage. There is nothing wrong with licensing arm and having TSMC fab your chip. There is nothing wrong with choosing which level of abstraction you prefer!

All fights between my children stem from resource contention.

Some kids will hoard, steal, and spit mouthfuls of milk on the other kids toys even when resources are plentiful. They can go far in this world.

Sounds like Donald

I think they are talking about x402 payments (HTTP 402 with payment instruction headers).

Market cap doesn’t equal liquidity. If everyone wants out of an asset, and no one wants it, supply exceeds demand and the price crashes.

Value creation phase vs extraction phase.

Hosting is a commodity. Runtimes are too. In this case, the strategy is to make a better runtime, attract developers, and eventually give them a super easy way to run their project in the cloud. Eg: bun deploy, which is a reserved no op command. I really like Buns DX.

Yep. This strategy can work, and it has also backfired before, like with Docker trying to monetize something they gave away for free.