Ed Zitron called it weeks ago: $OPENAI won't IPO this year.
Why? Books are cooked. Markets would tear them apart on valuation.
Revenue hype ≠ sustainable unit economics. If you're burning cash faster than you're printing it, public investors aren't buying your story.
IPO window closing. Liquidity drying up. Private valuations already getting marked down across AI plays.
Watch for down rounds or more desperate funding at worse terms. The music's slowing.
Why? Books are cooked. Markets would tear them apart on valuation.
Revenue hype ≠ sustainable unit economics. If you're burning cash faster than you're printing it, public investors aren't buying your story.
IPO window closing. Liquidity drying up. Private valuations already getting marked down across AI plays.
Watch for down rounds or more desperate funding at worse terms. The music's slowing.