[Octokiddie]

I was looking for something about how the company actually made money, but only found this:

> It’s a dramatic exodus that comes less than 18 months after Stability’s 2022 fundraise that valued the company at $1 billion. Now, the company is facing a cash crunch, with spending on wages and compute power far outstripping revenue, according to documents seen by Forbes. Bloomberg earlier reported that the company was spending $8 million a month. In November 2023, CEO Emad Mostaque tweeted that the company had generated $1.2 million in revenue in August, and would make $3 million in November. The tweet was later deleted.

This sounds a lot like the two-year period leading up to the dot com crash. Insane valuations and no revenue model. Meanwhile those insanely-valued companies bought Sun Microsystems servers like there was no tomorrow. When the games ended, a lot of those insanely-valued companies went to zero and left a massive overhang of Sun hardware in their wake. Sun began its long nosedive not long after that.