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somebody

@roscaf.bsky.social

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somebody

@roscaf.bsky.social

Ye I normally grab almost all the free epic games but not this one. Fully expected an award winner or nominated game but hogwarts got neither

December 12, 2025 at 10:40 PM

somebody

@roscaf.bsky.social

Home and away agregrate matches?

December 12, 2025 at 2:24 PM

Reposted by somebody

Ed Zitron

@edzitron.com

Yet the real scenario I expect is that CoreWeave - a deeply unprofitable neocloud with $14bn in debt that must keep raising to build more capacity - fails to deliver compute in time, defaulting on its contracts, then defaulting on its loans, then dying.
www.wheresyoured.at/premium-the-...

CoreWeave: The Great Bellweather
CoreWeave's earnings are next week, so I'm going to put together a scenario based on things looking okay, but not great for yet another New Jersey-based monstrosity.

Right now, CoreWeave has about $14 billion of debt, and already defaulted on part of its loan with Blackstone by moving assets out of the country earlier in the year.
CoreWeave has a giant, ugly backlog of $55.6 billion — which may seem impressive, but it is mostly made up of $22.4 billion in OpenAI contracts, $14 billion in Meta contracts, and whatever Microsoft has agreed to previously. Furthermore, it's not obvious how CoreWeave accesses that revenue, as Core Scientific has yet to finish the capacity so that CoreWeave can get the money.
Eventually, CoreWeave needs to start paying off those big, nasty loans. CoreWeave already had to spend $310 million in Q3 2025 just on interest from its loans, up from $266 million in Q2 2025. CoreWeave's current debt situation has it paying billions of dollars a year in principal payments on top of the interest on these loans, on top of operating expenses that effectively nullify any and all revenue coming into the company.
Such a huge backlog means that CoreWeave, like Nebius, is likely to start running up against defaults on its contracts. Sources familiar with the matter tell me that Microsoft had been, at least in June 2025, propping up auxiliary capacity to cover CoreWeave's incomplete Denton facility.
CoreWeave has, at this point, had to raise money at IPO ($1.5 billion) in March, a loan in May ($2 billion) and a loan in July ($2.6 billion), then added a further $3 billion in October to an already-existent line of credit.
Here's why CoreWeave needs to keep raising money:
Its operating expenses are higher than its revenues.
Its revenues and contracts require it to constantly expand, either through signing leases with companies like Applied Digital and Core Scientific (which it tried and failed to buy), or building its own capaci…

Eventually, something snaps with CoreWeave, and it needs more money, only to find the banks are unwilling to keep extending lifelines. Continued delays make it unable to continue increasing revenues, because...well...you can only charge for capacity that exists.
Here are some scenarios about what could go wrong!
CoreWeave defaults on its OpenAI and Meta contracts: Unable to build the capacity in time, Meta and/or OpenAI action a clause in its contract to cut CoreWeave loose, savaging its backlog. The bad news sends the stock into a tailspin.
OpenAI defaults on its contract: Swagged-up white boy Sam Altman's pity party comes to a close, and OpenAI simply can't make the payments for the capacity it's already agreed to. The news of this leak spooks the markets, and investors start dumping CoreWeave.
CoreWeave's financial condition decays and it cannot pay its loans: While I expect CoreWeave is likely on great terms with funders like Blackstone and Magnetar Capital, eventually somebody is gonna need some money.
CoreWeave really has no path to success. Its costs rise with revenues, it effectively lives on debt, and at some point it will need to make more money than it spends, so much more that it actually starts paying off these loans rather than riding out the interest.

December 5, 2025 at 5:36 PM

somebody

@roscaf.bsky.social

I am aware of that. From the discourse I was reading online I was expecting a far more tone deaf video that what I eventually watched.

December 8, 2025 at 9:32 PM

somebody

@roscaf.bsky.social

From the reactions I was reading I was expecting something cringey and PR led, but its actually fairly innocuous and just looks like a campaign aimed at students www.youtube.com/shorts/SJwVR...

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December 8, 2025 at 9:26 PM