Eniko Fox

i really think people need to understand what revenue is. if i promise to pay people 20 euros if they give me 5, and 100,000 people take me up on it, my revenue is legitimately 500,000 euros

my operating expenses however are 2 million and my losses are 1.5 million

Apr 28 at 1:27pmWeb
Show threadEniko FoxApr 28

is that a good business model? i don't know, look at all that revenue i'm making! please pay no attention to the fact that i'm literally burning cash to make a number that looks nice on paper

this is a post about AI companies

Show threadEniko FoxApr 28
i just need 300 new data centers to turn this ship around
Show threadGabriele SveltoApr 28
@eniko one more datacenter bro, just one more datacenter and we'll have all the computing power bro, please bro just one more, another datacenter and we'll have all the GPUs bro, bro, bro, come on bro just one more datacenter
Show threadWhatisgoingonApr 28
@eniko better make it 600 just to make sure the AGI is well fed.
Show threadJari Komppa 🇫🇮Apr 28

@eniko If it's your money, it's not a good business model.

However, if it's someone elses money, it's a great business model.

Show threadAdrianoApr 28

@sol_hsa @eniko

"And what is good, Phaedrus,And what is not good—Need we ask anyone to tell us these things?"

Apparently we do.

Show threadJari Komppa 🇫🇮Apr 28
@adriano @eniko Don't forget that you can get a tax write-off out of the losses you made!
Show threadAdrianoApr 28
@sol_hsa @eniko I know you're being sarcastic, but still, I'm kinda tired of reading about "scamming" as "good" or "great".
Show threadJari Komppa 🇫🇮Apr 28

@adriano @eniko Who's being scammed?

Let's say I run a large business, and I fund eniko's thing, I get to write off some losses, and if eniko's thingy pushes my stock value higher due to PR value or whatever, everybody wins.

Except maybe the stock owners, but everything's relative.

Show threadAdrianoApr 28

@sol_hsa

Wait, before you go all "it's a great business model" and now you ask this?
The "someone elses" you took the money from. Also taxpayers if you claim tax write-offs. For a generous interpretation of "scamming", but not really that generous.

But I'm tired. I don't want to discuss this further. Muting you.

Show threadPinkApr 28
@eniko how can I invest?
Show threadEniko FoxApr 28
@can https://ko-fi.com/sharkhugseniko
Buy Eniko a Coffee

Become a supporter of Eniko today!

Ko-fi
Show threadY⃒̸̷̝̜̙ͥͥͥngmarApr 28

@eniko That's the startup model. The louder they make noise, the more desperate for another round of venture capital funding they are.

Eventually the venture capital gets cut off, there are no profits, everyone gets laid off and the company asset stripped, meaning their customer database with all your credit card/personal information is sold to the highest bidder.

Or in the case of AI companies, the entire chat log of stupid questions and life and health advice. Juicy!

Show threadSophie of Ratsnake GamesApr 28
@eniko i'll give you 5€ if you give me 20
Show threadDaniël Franke Apr 28
@eniko I would like to think that this is common sense, but if life has taught me anything, is that common sense is everything but.
Show threadEniko FoxApr 28
@ainmosni pretty sure the average person hears "revenue" and thinks it means profit just like the average person thinks "game sold 100,000 copies" means the company made 100,000 x base price dollars
Show threadDaniël Franke Apr 28
@eniko I don't want to say you're right, but you're probably right.
Show threadSimon RolfmoreApr 28
@eniko ah yes but what if I invest €2m in special Rolfmore Credits that you can spend with me at a discount rate and you use them to make €5m in FoxCoin
Show threaddasgrueneblattApr 28
@eniko oh yes. This needs to be repeated for ever.
Show threadGiles GoatApr 28
@eniko and you forgot to also add taxes on that ...
Show threadDan SugalskiApr 28
@eniko The way people confuse revenue for income (including and especially in the press) regularly infuriates me.
Show threadGiles GoatApr 28
@eniko also, real story, 'if you do business with USA' you MAY end up in paying certain taxes twice. One time in US, one time in <your country> ( very dependent on certain agreements ) plus if your country deals with Euro, US deals ONLY with USD so you have tax US + conversion USD/EUR (at the WORST possible rate ) + tax in EU == $100,000 becomes almost Eur 45000 by the time they took this and that ah also publisher % plus other fees .. you know it ..
Show threadJ$Apr 28
@eniko Hate to state the obvious but a promise to pay €20 does not cost $20. It costs $0.
Show threadEniko FoxApr 28
@js if you didn't pay them the 20 euros that would be fraud and you'd go to jail, so the "i am not committing fraud" part is implied
Show threadJ$Apr 28
@eniko I must admit I’ve seen crypto bros and financial advisers do what they do
Show thread⚡Hefka le Nekopunk⚡Apr 28
@eniko The infamous Ponzi scheme!
Show threadJohn DetersApr 28
@eniko Bert and Ernie have a truck that holds 100 bales of hay, so they decide start a business. They buy hay from farmers for $1/bale, load it on their truck, drive it to market, and sell it for $1/bale, making $100 per truckload. At the end of the month they look at their books and realize they've lost money. Ernie asks Bert, "What can we do?" Bert replies, "We need to buy a bigger truck."
Show threadRandall LeeApr 28
@eniko the trump media company in a nutshell
Show threadCaseyLApr 28

@eniko

It is exactly like gambling.

I have friends who go to casinos frequently enough that the casinos comp their hotel rooms (which casinos do not do for people who cost them money).

Those friends frequently boast of how much they won. What they do not tell me is how much they lost, or what the final balance was.

Show threadÖlbaumApr 28
@eniko That’s been bothering me for a long time too, how the press only looks at revenue and not profit.
Show threadJan EdenApr 29
@eniko Isn't there a business model where revenue nearly equals profit? I heard it was popularized by the current Prime Minister of the North American Settlements. Shift? Thrift? Cannot remember the name exactly.