FT accused of conflating gross and net revenue in its OpenAI $20B shortfall story
firstadopter · x · 2026-10-09
Investor firstadopter argues the FT piece claiming OpenAI's annualized revenue is $20B below what the company signaled conflates gross and net annualized revenue (ex-Microsoft rev share). He notes FT's earlier Sept 29 story citing the $70B figure never said the company over-signaled, questions why it wasn't corrected if wrongdoing occurred, and says 95%+ of X/Reddit reactions now wrongly believe there was malfeasance — 'shameful journalism' driven by clickbait.
More from Venture
- WebMCP Debate: LLM Agents Skip Ads, Putting Ad-Based Business Models at Risk — ConnectRub4818 · 2026-10-09
- Creator: going viral is now 50x harder, AI makes up ~50% of Shorts views — heyneighbor · 2026-10-09
- New podcast hits 5,000 subscribers in a month: human-made content still wins — oran_ge · 2026-10-09
- Oracle's $18B Project Jupiter debt trades below 90 cents as AI data center risk seeps into retail products — MatthewChang · 2026-10-09
- USV partners: NYC is poised to win as AI shifts to deployment era, citing Suno's biggest office — rebeccakaden · 2026-10-09
- Rebuild any e-commerce cart with Claude + Aftersell's copy-prompt workflow — EXM7777 · 2026-10-09