Danny Devito as Bilbo Baggins.

I misread “hosts” as “holds” and just thought “strange way to get them to the table but sounds about right.”

Subscriptions and licensing, supposedly.

$12B is just how much money investors put into it. The company’s valuation is $80B. Which is insane.

xAI has raised maybe $12B from investors. And, supposedly, makes $100M/yr.

The valuations are absurd.

I’m surprised the Twitter investors would approve this. Their worthless Twitter stock is now worthless xAI stock. How does that help them?

I guess they’ll try to take xAI public with a massively overpriced IPO.

They could try. They can compel you to open it with Face ID or fingerprint. If that’s turned off they cannot compel you to disclose your passcode. They can seize your phone. They cannot prevent you from entering the country.

They’re probably only going to do it with some kind of suspicion. But that suspicion could be the border protection officer is having a bad day.

How’d they get into his phone? Face or fingerprint?

Make sure you turn off biometrics before traveling. They can’t force you to disclose a passcode.

EDIT: Actually, if you have to travel to the USA, wipe your phone before you leave.

Broadcasting his intention like this really puts a target on his back. He should be more careful… or not, I’ve stocked up on popcorn.

I get the impression Trump has no clue what’s going on. He’s just just regurgitating bullet points that someone—probably Putin—put in large print on a piece of paper.

Or, gullible.

Putin has no intention of letting the USA have any control over those resources.

I’m starting to get the feeling he wants to be assassinated.

Hopefully, it’s exactly like the originals and someone leaks the code.

You’re right. I mistakenly came to conflate ETF with passive.

How so?

Probably, good… for investors. It’s better to invest in ETFs over mutual funds for many/most people. A mutual fund is an investment vehicle in which a manager aggregates a bunch of stocks and sells share in the group of stocks. This limits the risk and ensures more gains but the manager needs to be paid. An ETF is like a mutual fund without a manager, the choice of stocks is done automatically by computer software and tries to track the market (or market segment) as a whole. So, less money is lost to paying fund managers and the software is pretty smart.

History has shown a that, on average, automatically managed funds outperform funds managed by people.

There are a lot of people out there who think they are smarter than the market, including fund managers. They are not. If you have money to invest, like in a IRA or 401k, you should put it in ETFs.