William Fitzgerald

Anthropic's IPO filing yesterday revealed at least* $550bn in off-balance sheet debt, for a company with $16B in annual revenue. Paying its bills will require Anthropic to sustain implausible revenue growth given the pressures that are squeezing their--and the whole AI ecosystem's--margins. A 🧵

And those financial statements are dubious too, as @matthewus.bsky.social points out here: www.hardresetmedia.com/p/block-the-...

This could not have been written by AI. So beautiful from @rebackermann.bsky.social: www.oaklandreviewofbooks.org/the-wall-mar...

"Speculative data center debt is being repackaged and sold to pension and retirement funds, university endowments, and other institutional investors in a manner eerily reminiscent of the subprime bubble." ourfinancialsecurity.org/resources/br...

Musk has spent $276M on the midterms since July. Anthropic pays his companies $1.25B a month for datacenter space. Musk’s entire GOP push costs less than one week of Anthropic’s rent.

OK, last point, because I have a job to do that is not Internet. There is one place where the analogy really breaks down. In the US, when the true cost of asbestos became clear, we didn't ask the manufacturers to save us. We didn't invite them to summits. We sued them into oblivion. fin. 22/22

This morning we learned that Elon is already $300m+ deep in the midterms. One of the biggest recipients: Jon Husted. Hope @sherrodbrownoh.bsky.social starts taking the wood to Elon's puppet...

Musk has funneled more than $276 million into Republican groups and his PAC since July, building a huge turnout operation for the midterms. “The staggering amount of money makes Mr. Musk, the richest person in the world, by far the largest known donor in the midterms” www.nytimes.com/2026/10/12/u...

Look what popped up in #NY-17 today! Elon Musk spent $1.7 million to help Mike Lawler in 2024, and he's already hit $433,992 for Lawler in this cycle. @caitfornewyork.bsky.social is one of the few who's been calling out Elon's corrupt spending. Sure would love to see her step up it up 🔥

New working paper: the Norwegian wealth tax was a huge success. The "exodus" of wealthy people never happened (less than 100 individuals left). Tax revenue increased by 71.5%. No changes in business activity or investment. www.nber.org/papers/w35854

Do you like Friday night news dumps? In the last 24 hours Elon dumped another $4,082,655.01 into GOP campaigns. Sad news for Mike Rogers tho. Elon must be disappointed in Mike's debate performance. He added big $ to dozens of races, but not a single dollar in this batch for Mike. Too bad, so sad 😢

We just dropped the latest @peoplevsthemachines.com and this one was so much fun. I talked to @raquelwillis.com about technofascism vs gender liberation, and @wewill2026.bsky.social about how the fight against big tech is uniting Michiganders. Check it out: youtu.be/hU-dDA06Azk

The most important political task in America is clawing back wealth from the very rich. The most important ballot measure in America is the California billionaire tax. Oligarchy is at the front door. Time to stop fucking around. www.hamiltonnolan.com/p/the-war-ag...

This money is absolutely meaningless to Elon Musk, but it has the potential to completely rewrite your future. He's spent over $36 million in about 4 weeks, and he's adding millions a day. All to corrupt our government to push his agenda. Let your friends know what's up.

I’m shook

This is how we should see these magnificant animals, not hauled up on a boat or in fillets on a slab. We should no more catch or kill this rare and stunning megafauna than we should trap or kill tigers or whales. Here are some more of Rupert’s photos from yesterday, with his kind permission.

Since 👇 post 9 days ago, Elon has spent almost $11 million more, over a million bucks a day. In the Senate races alone, he's spent: $8.7m in Texas $4.5m in Ohio $4m in Michigan

@freepress.bsky.social and #BlocktheMerger allies have worked tirelessly to challenge the Ellison family takeover of Warner Bros. This week we lost, and I've been reflecting on the unfair advantage that billionaire oligarchs have in our media and our politics. pressingissues.org/tech-barons-...

Palantir’s AI for healthcare is doing what now? “linked the requests to the wrong patient profiles, listed tests or scans that didn’t match the orders, or made up personal details about patients.” www.wired.com/story/health...

JFC

What a dumb ass statement from Google No one believes this crap

Think oil companies are the only ones driving climate pollution? Think again. A new report reveals that 20 private equity firms back over 1,000 fossil fuel projects producing 1.5 billion tons of pollution every year.

I should also add that when the movie got to showing people burning Teslas and vandalizing dealerships, the theater of mostly older folks in Santa Monica started applauding. I think it is possible Trump and Musk turned libs over 50 into John Brown.

Wednesday 9/30: People vs. Palantir! SF Protest March Against A.I. Tech Fascism & ICE Violence

Keep an eye on this one Tuesday morning

Early this morning, core members of the #BlocktheMerger coalition filed a motion with the court presiding over the Paramount-Warner Bros. merger suit. We're asking Judge Araceli Martínez-Olguín to give us a chance to formally oppose the deal. Motion here: www.freepress.net/download/blo...

😂😂😂😂

“Most of us finally agree on something. AI’s pace of development and lack of regulatory structure is a breeding ground for an existential threat. Why is there no visible mass movement against it?” JJ Lansing for @hardresetmedia.com open.substack.com/pub/hardrese...

Ever wanted to protest a tech oligarch and didn't know where to start? Friend sent me this whereabouts.report

Subscribe to @hardresetmedia.com www.hardresetmedia.com

In front of the World Trade Center to protest the @newsweek.com AI Health Summit. The keynote speaker of this morning’s panel is Dr. Brendan Carr, CEO of Mount Sinai. #UnplugAI #PurgePalantir @nychange.bsky.social @climatedefiance.bsky.social

America is free only when the media is competitive, independent, and accountable to the people. apnews.com/article/warn...

Variety reports that a bunch of corporate lawyers are making "guilt donations" for working to seal the Paramount deal on Yom Kippur. I didn't work today. But I have a better idea: Gratitude donations to the groups that have been fighting so hard to #BlockTheMerger See the 🧵 below for links

The deal handing Warner Bros. Discovery to Ellison is BAD for film, independent journalism & our democracy This battle may be over but our fight is not @democracydefendersaction.org & partners in the #BlockTheMerger Coalition will be watching the Ellisons, & you'll be hearing from us👇 -TN

Gavin Newsom caved to that pressure. So did Xavier Becerra. And eventually, so did Attorney General Rob Bonta, agreeing to a weak settlement that will be exceedingly difficult to enforce. People want champions who are not afraid of rich bullies. Newsom, Becerra, and Bonta did not meet that mark.

This did not have to happen. Thanks to an extraordinary outpouring of grassroots anger against the merger, a coalition of 12 state attorneys general sued to block it. They beat Paramount in court, winning a court-ordered pause on the merger.

Layoffs will follow. People from L.A. to Atlanta will lose their jobs, small businesses will lose their contracts, your cable bill and movie ticket will be even more expensive. Dissent against money and power will be even harder to find.

Today, billionaires yet again bribed, censored, and bullied their way to the top. As a result, a billionaire media company closely allied with the president will soon own one of its closest rivals, including some of the nation’s critical news outlets. Saudi Arabia will co-own those outlets, too.

Last minute protest outside AG Bonta’s Oakland office tonight when folks caught wind that he’s wavering on his promise to protect consumers and workers. #BlocktheMerger #NoConcessions

To my friends in the Bay Area: I'm hearing Rob Bonta is about to cave and hand Warner Bros over to the Ellisons. We can't let him do that. Can you show up outside his AG office in Oakland tomorrow at 5pm to reject this backroom deal? Reject the deal. www.mobilize.us/notabovethel...

3 rallies in 3 days,That's the energy & motivation we need. #BlockTheMerger #NoConcessions

Bay area, mount up! Word on the street is that @robbonta.bsky.social is getting ready to cave and let super creep Larry Ellison take over Warner Bros. Join the emergency action to block the merger. Can't make it? Tag Bonta in a reply and tell him NO MERGER! www.mobilize.us/notabovethel...

Oakland: show up for this tomorrow at 5pm outside Bonta's AG office downtown.

Wow there's now 3 rallys in 3 days in Oakland, New York, and Los Angeles so that the various AGs hear it clearly: Don't cave to the oligarchy. A backroom shady deal is only a winner for Ellison the Nepobaby. If you are in any of these cities over the next few days, show up.

Are you in the Bay Area tomorrow? Join the #BlockTheMerger coalition outside @AGRobBonta's office in Oakland at 5pm to say: "No concessions. Block the Merger. Don't cave to the oligarchs, Rob. www.mobilize.us/notabovethel...

Don’t you dare @agrobbonta.oag.ca.gov, do not cave. 5670 film makers put their necks on the line for you to fight this merger. Another 75,000+ and counting have signed to tell you not to concede in just 3 weeks. Please sign to send a message to the AG’s and Paramount. noparamountconcessions.com

This is do or die moment for Cal Dems like @gavinnewsom.bsky.social @governor.ca.gov and @rokhanna.bsky.social - are they in the pocket of the Ellisons or are they with democracy, free and diverse media, etc.? So far .... crickets.