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by araes
138 days ago
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So, they're suing Anna' Archive for $13T... - The combined market cap of NVidia ($4.35T), Apple ($3.88T), and Google (Goog, $1.9T+Googl, $3.62T) shares combined.
- An amount larger than Every world stock market on Earth, except the NYSE and NASDAQ (the next closest is Shanghai at $9T)
- ~5 months worth of all trades (market volume) on the NYSE ($2.685T/month)
- ~1/10th of ALL world stock markets market capitalization.
- ~1/2 the United States yearly Gross Domestic Product
- 130x Spotify's own market capitalization (total stock value outstanding)
- ~766x Spotify's own yearly revenue for 2024 ($16.96B)
Just sue them for a gazillion quadrillion dollars or something. "Yes, judge. We estimate our damages at 1/10th of the entire world stock market, or approximately half the United States total economic output" Be difficult not to laugh at these people. |
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Certain companies may have attractively deep pockets while being located in the US for enforcement of statutory damages.
See also: "Extracting books from production language models" https://news.ycombinator.com/item?id=46569799