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Ed Zitron
edzitron.com
did:plc:qc6xzgctorfsm35w6i3vdebx
Very important point: SoftBank was pledging *all* of its OpenAI stock (worth $60bn+ on paper) to get a $6 billion margin loan. Banks turned it down due to concerns about the value of OpenAI stock. Banks clearly do not think OpenAI is worth $852 billion.
https://www.tradingkey.com/analysis/stocks/more/261957216-softbank-opoanai-arm-tradingkey
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2026-06-10T04:07:49.267Z