r/Brokeonomics

▲ 482 r/Brokeonomics+3 crossposts

Trump Mobile website exposes database of 50,000+ customers after ignoring direct security warnings

u/DumbMoneyMedia — 12 hours ago
▲ 1.9k r/Brokeonomics+2 crossposts

Jim Cramer completely loses the ability to speak on Squawk on the Street when his co-anchor mentions the president trading stocks

How many mining stocks does Trump currently have in his holdings?

u/DumbMoneyMedia — 1 day ago
▲ 740 r/Brokeonomics+4 crossposts

Elon Musk loses $130B OpenAI lawsuit after his own baby mama testifies she voted to approve the Microsoft investment he was suing over

The legal drama of the decade just came to a sudden end, and the details leaking out of the courtroom are wild. A US jury completely rejected Elon Musk's $130 billion lawsuit against OpenAI, effectively shutting down his entire case over alleged fraud and broken promises. Elon claimed Sam Altman and Greg Brockman backstabbed him after he donated $30 million, but the 11-day trial exposed a level of internal hypocrisy that completely tanked his credibility. The jury saw right through the noble narrative and realized this was just an ugly corporate turf war.

The absolute killer for Elon's case came straight from his inner circle. His own baby mama, Siobhan Zylus, who sat on the OpenAI board, testified under oath and completely shattered his legal standing. Here are the messiest details exposed during the trial:

  • Siobhan actually voted to approve the massive $10 billion Microsoft investment that Elon was explicitly attacking in the lawsuit.
  • Internal notes proved Elon actively tried to absorb OpenAI into Tesla to turn it into a private, for-profit cash cow long before Altman did.
  • Microsoft CEO Satya Nadella explicitly dismissed the entire leadership circle's early corporate maneuvering as "amateur city."

The timeline alone made it obvious to the jury that this was a late profit grab rather than a defense against tech risks. Elon waited until OpenAI was virtually a trillion-dollar company to sue, right around the time his own startup, xAI, was bleeding cash. He desperately needed a multi-billion-dollar legal win to prop up his own massive data center costs. Now that the lawsuit failed, he is scrambling to pivot his Colossus facilities by licensing them out to rivals like Anthropic just to make the SpaceX books look good ahead of their upcoming public filing.

This whole circus proves that tech giants are hitting a massive wall when it comes to raw infrastructure and the physical scaling of the tech boom. While billionaires fight over who gets to own the software, the real bottleneck is the massive amount of hardware and electrical grid infrastructure required to keep these systems online. For instance, companies like Gunnison Copper (OTC: GCUMF) are proving to be absolutely crucial to any AI company and data center buildout because you cannot run a high-performance cluster without massive amounts of pure domestic copper cathode. Ultimately, the jury realized Elon wanted the tech, missed the boat, and tried to use the legal system to steal a piece of the pie he walked away from years ago.

u/mynameisjoenotjeff — 1 day ago
▲ 1.1k r/Brokeonomics+2 crossposts

Lindsey Graham tells struggling families "whatever price we have to pay, we will pay" after Trump admits he ignores the financial situation of Americans

Those defense companies need more weapons, and the only way to make them is to get more critical minerals.

u/DumbMoneyMedia — 3 days ago
▲ 105 r/Brokeonomics+2 crossposts

"We knocked out one bridge because they misbehaved": Trump boasts about destroying energy infrastructure while calling the NYT and CNN "the worst" on Air Force One

u/DumbMoneyMedia — 5 days ago
▲ 253 r/Brokeonomics+2 crossposts

Trump loses the handshake war to Xi Jinping as China holds all the leverage for the next round of negotiations.

I guess China finally gonna get Taiwan, no questions asked.

u/DumbMoneyMedia — 6 days ago
▲ 615 r/Brokeonomics+3 crossposts

"That's peanuts." Trump is the only president in 20 years to dismiss high gas prices while every other POTUS acknowledged the harm to families.

Think about the sheer detachment required to look a working-class person in the eye and say their struggle is "peanuts." For someone with his net worth, an extra fifty bucks at the pump is a rounding error, but for a family in Maricopa County or anywhere else in this country, that is the difference between a full grocery cart and skipping a meal. The material conditions of the people he claims to represent are just a metric for his "happiness" on a ticker.

  • Bush acknowledged families were "squeezed" by high prices back in 2008.
  • Obama called it a "painful tax" on the pocketbooks of workers.
  • Even Biden admitted it is a problem that families are focused on.
  • Trump is the only one on record calling it "peanuts" and saying the prices "aren't very high" because he is fundamentally insulated from the material reality of the people he claims to represent.

We have to move past the idea that someone is a champion of the working class just because they shout about it. This is a material failure of the system to hold people accountable for their own words. Right now, it looks like the plan is to just hope everyone has collective amnesia about how dismissive he actually is, and that is a direct betrayal of the social contract for anyone who actually works for a living.

u/DumbMoneyMedia — 7 days ago
▲ 4 r/Brokeonomics+2 crossposts

Beware of Digi Power X ( $DGXX), Failed crypto to AI infrastructure pivot smells like insiders' daddy and son hustle!

“Digi Power X (DGXX) looks a lot like another textbook micro-cap pivot play. A failed Bitcoin miner reinventing itself as an AI infrastructure operator is a la mode these days. The stock trades at 15-16x trailing sales amid headline AI Infrastructure-driven hype. It has surged 400% over the past 12 months, driven by a series of aggressive press releases and Fintwit promotions that mask a decaying capital structure and falling revenue. In fact, multiple structural flaws support a skeptical thesis, among which: (1) an insiders’ arrangement that transferred substantial value to execs at depressed valuations through the US Data Centers subsidiary; (2) a history of relentless equity dilution; and (3) an execution record marked by slipping timelines, with the only material AI revenue not commencing until late 2026 at the earliest. And not least, and probably the most important catalyst: a Founder who could simply be qualified as a disingenuous, self-serving, hyping, bullshitting hustler leveraging the thin edge of a “legendary investor’s name and reputation to pump his stock.”

Q1 2026 results (May 15) represent the first major catalyst for a potential de-rating. Still, upward Volatility might last longer than operational value warrants.”

I would appreciate a subscription and comments...Preferably from the "haters" BTW!

Just kidding!!!

(Never Yield to Evil)

open.substack.com
u/orishasinc2 — 6 days ago
▲ 30 r/Brokeonomics+2 crossposts

Rick Santelli warns that "Wages" are now officially taking a backseat to inflation as the new April PPI report triples expectations with a 1.4 percent monthly jump.

u/DumbMoneyMedia — 7 days ago
▲ 54 r/Brokeonomics+3 crossposts

"Hamster wheel of credit" The New York Times reports that Americans are being forced into endless debt just to manage rising living costs.

u/DumbMoneyMedia — 9 days ago