This scream the AI version of TARP bailouts to me
(twitter.com)
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I hate everything about this announcement and how it's presented. The boring corporate logo on another techy informant X account. The word "equity" thrown around as if it implies actual equity. The second-hand social media announcement that should have everyone asking "whose public?"
It's not a techy informant, it's a gambling website that lets you bet on politics. They're letting you know a new series of bets are going to be available concerning this new event.
It IS equity. The financial definition of the term, not the social justice one. Words have multiple definitions in English. Equity is retained earnings and shareholder stock valuation.
But none of us will actually own anything, so it's also not equity.