Keep pulling the thread on Andrew Left.
Short seller Andrew Left of Citron Research was found guilty of using social media posts to manipulate stocks.
The U.S. government's case against Andrew Left alleged that he was trading opposite to what he was publicly stating about companies on Twitter and in his research reports.
The U.S. government alleged that Andrew Left made $20 million in profits from trades timed around his specific reports and tweets.
U.S. officials are proceeding with an agreement that grants audit immunity for past tax filings from Donald Trump and his businesses.
The audit immunity for Donald Trump is connected to a now-dropped $1.8 billion fund that was established without court approval.
Ed Zitron believes that AI does not have a measurable return on investment (ROI).
Uber's COO, Andrew McDonald, has stated that the company is having trouble justifying its AI spending based on measurable returns.
Ed Zitron estimates that OpenAI lost approximately $20 billion last year.
Ed Zitron predicts that when OpenAI and Anthropic file their S-1s for an IPO, the financial disclosures will reveal they have no path to profitability.
The AI industry has absorbed over $1 trillion in investment in the last three years.
Ed Zitron believes OpenAI and Anthropic should be prohibited from going public, viewing them as dangerous and unprofitable companies that would harm retail investors' 401(k)s via index inclusion.
Ed Zitron predicts that cloud providers like CoreWeave, Cipher Mining, and TerraWulf will become shells of their former selves if the AI market corrects.