GM
General Motors Company
stock NYSE

People HATED META here in 2022. It’s not innovative anymore, going to be killed by competition, no moat, etc. Similar arguments were made for SPOT and NFLX. To a lesser extent, there were similar narratives/performance with UBER, DAL, GM and T.

I had google at around 140 a share a year ago now it’s 360 - it was 90 at the lows. Around a year ago I had GM at 40 a share now it’s 80 - it was 30 at the low.
There are plenty of examples. Meta was 100 a share a couple years ago. All the mag7 had times when they were beaten down in their history - google traded at 20 forward earnings at IPO.
Of course if a stock has a bad narrative you always have to consider you are missing something.

People HATED META here in 2022. It’s not innovative anymore, going to be killed by competition, no moat, etc. Similar arguments were made for SPOT and NFLX. To a lesser extent, there were similar narratives/performance with UBER, DAL, GM and T.

I had google at around 140 a share a year ago now it’s 360 - it was 90 at the lows. Around a year ago I had GM at 40 a share now it’s 80 - it was 30 at the low.
There are plenty of examples. Meta was 100 a share a couple years ago. All the mag7 had times when they were beaten down in their history - google traded at 20 forward earnings at IPO.
Of course if a stock has a bad narrative you always have to consider you are missing something.

Until we see an S-1 with all the footnotes and disclosures, those mean nothing.
I have a strong suspicion that they are classifying cost of services improperly. I think a ton of their 'R&D' is likely to be 'cost of services'. Another trick companies will use is to give discounts and incentives and call it 'marketing' when in reality it should be cost of services.
I mean, they made more revenue in 2025 vs 2024, +$9B in revenue, yet -$12B in total losses. That does not sound like a business benefitting from scale. Something is very wrong at OpenAI. And this is with Tokenmaxxing driving demand up, and their compute supplied by Microsoft at a loss as well.
So basically even with help on revenue and expenses, they are still showing diseconomies of scale... on a supposedly high GM business.... right....

>none of the AI firms are even close to break even
They do seem to be GM positive, though. So inference at current capabilities and price points seems to be a valid business model. The losses are mostly tied to training of new models.

I keep seeing people throwing that term around, you do know it's not the same as what 🥭 did with the surprise announcement of White House taking a stake in it and then pumping tf outta it right?
A bailout looks like what happened to GM in 2009. GM declared Chapter 11 and the Bush admin declared a rescue package, which Obama admin took over and continued. GM was then delisted and renamed Motors Liquidation Company, they eventually relisted a year later in 2010 with new shares to the anger of many old shareholders still stuck in limbo. The old shares were officially canceled end of March 2011 which essentially meant the remaining old shareholders who were coping on government saving them were completely fucked raw with nothing given to them. The people who did Occupy Wall St were basically just BSC(Bear Stearns) and GM shareholders who lost decades of investments