TTAM later said it had obtained backing from a “Fortune 500 company with a current market capitalization of more than $400 billion and $17 billion of cash on hand.”

That's not at all concerning.

I bet there's far more cases of homeless and suicide due to a lost job than due to a shareholder losing value in one company's stock.

how the fuck did this company go bankrupt what did i miss

It's not a great business model if you think about it. Customers pay a small fee once then never again.

A little searching finds only one company that really fits the bill. Costco has a market cap of $433B and had a reported $14.8B cash on hand as of May 11. That's an interesting possibility that I wouldn't have guessed. Costco is less evil than most big corporations, so that's a little hopeful if I got it right.

Oracle comes close with a market cap of $583B. That's indeed over $400B, but that would make the description a bit weird. In any case, Oracle makes more sense from a business angle. Unfortunately, they are near the top of the evil scale.

Shit, Oracle was down in the low $400B range in May. Apparently being evil pays well in the current administration.

That's exactly where all the value is. Selling people's fucking genetic information. What makes it even more valuable is that it can be used against all subsequent descendants of the person that willingly gave it up. Do a DNA test like this and you're selling out your entire family.

For most shareholders in most businesses, the risk is that you are no longer as rich as your peers.

Most US households can't weather a $1000 unexpected expense without going into debt.

To be real, capital gains are the definition of inequality. It is making money by having enough money to own something. There is no other economic force that drives inequality more.

Small business is a decent minority of US employers. It can't be ignored, but it is the unlikely case when sampling by employee or just by random citizen.

At most an owner can be reimbursed for their costs of starting the business. Past that I don't see any reason to give them a special share of the profits. Even that feels generous given how unequal we are, and that fact that having the money to start a business means you are likely more privileged than your employees.

Calling it here, Costco is going to use the genetic information to create the perfect hot dog.

Costco already creates the perfect hotdog.

I say they should invest in bringing back the Polish dog. That was fucking delicious.

At least they quoted it.

Some webpages have a bad habit of automatically appending tags to the URL, or outright changing it, as you scroll down.

Soylent dogs

All your DNA just got bought.

put it into actual numbers, not just playing on emotions

So glad I never did this one.

Membership is going to be linked to your DNA, the register will prick your finger to make sure you're valid.

It’s almost certainly Oracle but there’s a slight possibility this is correct

When did selling a product instead of a subscription become a bad business model?

Edit: I have a lot of trouble believing that a product that could theoretically have value to every person on the planet for current and every future generations, that can't be passed along used or resold, couldn't develop a successful sustainable business model.

If it costs $1.51 I'm gonna flip shit.