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dgerard@awful.systems

Blue Owl won’t give your money back. This is fine (pivot-to-ai.com)

submitted 4 days ago by dgerard@awful.systems to c/techtakes@awful.systems

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The AI data centre business is solid, honest

https://www.youtube.com/watch?v=Fh6DbLNM1lI&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260226-blue-owl-wont-give-your-money-back-this-is-fine - podcast

time: 7 min 47 sec

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[–] YourNetworkIsHaunted@awful.systems 3 points 16 hours ago

There's gotta be a pithy way of talking about this. I propose "Phantom Funds" - money that investors and analysts expect to be there that ends up not existing when the cards are turned over.

Why yes this does largely boil down to fraud but without the legal consequences.