this post was submitted on 12 May 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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No surprises here. Their cash flow suggests they were heavily leveraged on crypto (Edit: or other unusual spending, the crypto part is speculation, they officially claim to have no crypto), -776% y/y change for investments in 2026. Not as bad as their 2023 -1,023%, but their new CFO has an uphill battle ahead of her.
I can see them being on the 2027 casualty list. They've been pushing AI hard internally the last year or so, which caused me some issues at my workplace after their misplaced confidence led them to call out my niche as an "opportunity" they had "mostly solved". Spoilers: They hadn't then, visibly still haven't now, and will have less chance doing so by adding more AI because it is particularly terrible at this niche.
Wait what, GitLab was doing crypto? The fuck is going on in those people's heads
Total speculation on my part. They could have blasted that cash on orgies for all I know.