Danny Lämmerhirt

@danlammerhirt.bsky.social

Digital Sociologist. Leading the Future Internet Lab @Waag; Member @PublicDataLab Using public participation, design-based research, and valuation studies to build useful digital technology for society. Current focus: open social web & public AI

Hi! I'm Bret Rhett Chet, here to tell you why you should buy and hodl SpaceX stonk. For a mere $135/share, you get pro forma tangible book value of $7.85/share, an immediate 94% dilution. New investors are putting up 48% of all capital ever invested in SpaceX in exchange for 4.2% of the shares. /1

SpaceX prospectus dilution table with all those figures

I don't really feel like the press coverage of the metaverse implosion honestly captures the access tech press' role in propping up Mark Zuckerberg's fake innovation mythology if you go back and read "journalism" from this era, 97% was indistinguishable from advertorial

Headline: "At SXSW, Mark Zuckerberg says metaverse is 'Holy Grail' of social experience"