IP

meistermichi

They'd release a 5 min AI slop version of the IP everytime before the time runs out.

danielv123

IP laws already have time limits. Just put a time limit on it. 5-10 years without a release? I assume you are done with it then.

Deep-Ruin-9961

No, Witcher had the added complexity of a misandrist no-talent establishment showrunner who was desperate to write her own show to the point that she gave up and decided to co-opt another IP so she could finally make her Desperate Housewives with Magic show.

die_in_a_fire_reddit

Season one - interesting concept or beloved IP with some passion on the project Season two - production, story, and development is micromanaged by executives rather than creatives. Changes are made to broaden and attract a bigger audience. Some things are reshot and delays occur. Season one fans are less invested. New viewers get a disjointed experience. Season three onwards - key creative leave the project. More drastic changes are made to make the show more attractive and return on the investment. She becomes diluted and flat. Bored audiences advertise their annoyance across the internet.

Global-Dig6436

To Netflix execs: Just switch the model of producing quick to profit shows and shift into investing in some original IP with good writers/producers. You pick up a show push production to cut corners then wonder why it doesn't do well or you have the other side it's well produced and get's cancelled after one season. The most generic boring shows that don't do well get renewed but the very few that are well produced and written get scrapped. Move away from industry trends and create originals like you used to do. Move away from that awful LUT Color Grading that makes everything dark. Shift shows to a yearly release cycle and stick with it. People come to the platform to get lost in fast produced slop that makes it hard to choose a new show to start that's time investment wasting deciding. Create the next original content that keeps people coming back. Competitors like paramount are producing amazing long running original shows and spin-offs.

Zeitenwender

You would have to make it possible to license any IP at any time.

TheGRS

This is where I don't think Netflix has figured out their model well. They need to stop thinking "okey, the data tells us this isn't successful, let's cancel it" to some version of "we want to develop lasting IPs, how do we find the markets for this?" I think they know that having a hit IP is going to be more successful, but they've put very little effort into cultivating them. If you were gonna do more seasons of Squid Game, maybe don't immediately milk the property for everything its worth and trash a lot of goodwill. I don't think we got a John Wick theme park ride or whatever until like the 3rd or 4th movie, and honestly I'm fine with that, because the property developed over time into something bigger than a cool little action flick. I dunno, I don't understand marketing whatsoever but I'm a little frustrated by Netflix putting in the absolute tiniest effort into developing cool things when they could be kingmakers. They could probably develop the next Star Wars or Marvel property if they put the effort in.

TheDamDog

Because executives aren't willing to actually commit to a show until it's proven itself...unless they're hijacking an existing IP to hand over to some amateur hour director who doesn't care about the original source material and just wants to ram their own 'creative vision' through using a convenient trojan horse.

jabbergawky

Glow, Mindhunter, The Get Down, Santa Clarita Diet - yeeeah, no thank you. I'd rather get into a show where I trust the network won't needlessly abandon their IP.

Old_Object_7664

How would that be enforceable? What if Netflix announces Season 2 will be filmed up to year 2300? If they don't make Toy Story 6, do they lose their IP protection?

NotAnotherTav

Where were they advertised until the finale got hate? Even games that dominate their market niche with zero lasting competition that had a license for ST content like Dead by Daylight just had nothing between S1 Demogorgon and S5 Henry Creel, lol. S3 and S4 were genuinely nonexistent EVEN IN STRANGER THINGS LICENSED CONTENT!!! Like bro the dropped ball was genuinely extreme, it was completely off the radar even for fans and the IP. Someone massively fucked up the franchise reach after Scoops Ahoy Steve.

VapeSmoker420blazeit

Thats because they steal popular IP's and kill it with woke crap so the fans of the IP get disgusted and boycott it and only the low iq casuals bother watching the slop in S2

ReducedDaze

Commit to a 4-5 season show and good writing. Eggs that basket. You don't need 8 concurrent BUT one show frontrunner aka Stranger Things it again, you know? Snag an IP that's popping off. How about Dungeon Crawler Carl? Spit balling.

Acceptable_Bat379

It's not too far off, but it's about intent and scale. the ai just mashes things together without real understanding (at least right now) or meaning behind it. just matching patterns, and ripping from anywhere. I think I wouldn't feel so wrong about it, if there wasn't so much blatant IP violation in the training data and everything on the internet isn't scraped by default. the backlash against ai and people's feelings about AI art comes as much from the contempt the ceo's seem to have for the common person and our work and contribution as much as the actual process itself, if that makes sense. it taints the whole thing and makes it feel more like willful theft, they're actively trying to take our knowledge and combined works and put it in their pocket and lock it away

mhoepfin

If there’s excess compute now, and everyone hates AI and data centers and it’s not returning as much value on its own and now there are open source models that are good for the majority of use, then yes absolutely the picks and shovels story is fading fast. People are realizing you need software for guardrails and IP protection so that is the beaten down trade to be in now. Long $IGV.

Potential_Salt_5780

Eh they are protecting their IP. By enforcing strict policies, they piss off some fans. The vast majority of people do not care. See: sales.

ArtOfTheCardsNJ

Nintendo is so much more than a consumer electronics company though... They have like ~$13 billion cash and thusly ~$37 billion enterprise value rn. What do you think the value of their 1/3rd stake in The Pokemon Company is? What's the value of Mario and Zelda alone as IPs, let alone all their smaller IP on top of that? The company is diversifying into theme parks, movies, apparel...I see them more like Disney than Sony looking forward.

dcp04

Please look deeply into the on going court cases that Netlist has against Micron, Samsung and Google. Netlist IP made AI possible. Sammy and Googs have been trying to bankrupt Netlist for 15 years. Current stock price is $3. It should be $200.

Rough_Champion7852

It’s priced in for about $1.5 - 2.0b of sales. If you think it’ll beat that, any upside above that is not priced in. Personally, I think their other IP has been undervalued, the tools developed will have a significant value and GTA online and further chapters will make this a cash cow. I’m avg at $220. Any dip to $230 or below I’m topping up.

palindromic

There’s also been some rumblings about the inherent value of transformer LLMs and their flattening use curve. The promise of a drop in employee replacement agent that would be better and smarter just isn’t coming to fruition. LLMs are massively useful and frontier is still getting better, but the improvements are trickling now instead of flooding. It’s a structural limitation of transformer models, without expanding context and complexity of thinking, they just don’t actually have all the answers, especially to uncharted problems. As much of a lunatic as Karp is, he also doesn’t like the token system that frontier is insisting on, because as he puts it, they are basically demanding everyone’s “alpha” meaning their IP and backend, instead of letting enterprise build their own in house custom models that are walled off and secure, or at least more secure. I’m not sure if this is the beginning of the bubble bursting, we’ll see how it plays out over the next few weeks but it sure feels like rumblings of “the jig is up” a little bit on the monetizing of LLMs, especially when clever software development is tweaking local hosted LLMs into a state that is already matching just one or two gens ago.

dalooooongway

they own nothing but irrelevant boomer IP lmao hotwheels and heman https://preview.redd.it/n2h46cj3xeah1.jpeg?width=304&format=pjpg&auto=webp&s=ea080702d9b34eec0801f238034e828a1b6f8a56

bennyboy_

IP like this? https://preview.redd.it/u6mnsy430dah1.jpeg?width=1206&format=pjpg&auto=webp&s=f3114db81b04aa1adf63b9dfbb7d62c2ef994117

PKLeor

[“October 21, 2025 - HOLLYWOOD, Calif. — Netflix today announced that Mattel Inc., a leading global toy and family entertainment company, and Hasbro, Inc., a leading games, IP and toy company, have each been named a global co-master toy licensee for KPop Demon Hunters. These unprecedented licensing partnerships will help meet the massive fan demand to have these favorite characters as part of their everyday lives, and marks another major milestone for Netflix’s smash global hit.”](https://corporate.mattel.com/news/for-the-fans-netflix-goes-golden-forging-unprecedented-kpop-demon-hunters-master-toy-partnerships-with-mattel-and-hasbro)

MrCoolCol

Hot Wheels City (Amazon) plays on repeat in my house. I’ve stepped on one of those cars every single day for the last five years, my five-year-old son is single-handedly keeping that company afloat. But, it’s awesome IP, I’m flabbergasted they haven’t done more with it.

Ok_Wealth_3433

ASTS when it was at $63 was almost trading below Spectrum + IP lol what a fucking steal

banned-from-rbooks

Oracle is a legal firm disguised as a Software Company that’s taken on $58B in debt and entered into $248B in Data Center lease obligations that they can’t possibly pay for. Their cloud business was already being left behind by their competitors for years, as they’ve increasingly relied upon aggressive software licensing. Remember when they tried to claim the entire Java programming language as their IP? The AI boom has started to sink the ship. Their gross margins have fallen off a cliff due to Capex and PP&E depreciation costs. They bought TikTok, a social media platform that is popular but also loses billions a year. And those data centers? Oracle has $548B in AI compute performance obligations for demand that just isn’t there. Construction is so far behind that the best Oracle could say was that 96,000 B200 GPUs were delivered to Abilene in December 2025 for a datacenter that \*has to have\* 450,000 GPUs operational by the end of 2026. And the best part? Oracle \*still needs\* $73B more worth of GPUs to meet the obligation. Meanwhile, the depreciation costs of all those GPUs that aren just sitting in warehouses has to be marked on the balance sheets as revenue loss. I believe it is after 6 years those GPUs will be worthless, regardless of whether they are used or not - and even if AI demand takes off, B200s are not going to be competitive with NVIDIA’s new chips. The banks that finances Oracle’s debt are \[desperately trying to get rid of it, and no one is buying. Banks are stepping away\](https://www.datacenterdynamics.com/en/news/td-cowen-us-banks-retreat-from-oracle-amid-doubts-the-company-can-fund-openai-commitments/). Things have gotten so bad that Oracle is being sued by their own bondholders. Oracle is going to default on its debts unless it can build 4.5GW of Data Centers by 2028, for which it needs to take on even more debt - of which it \[already has $95B outstanding\](https://archive.is/2026.01.11-014118/https://www.bloomberg.com/news/articles/2026-01-06/oracle-s-debt-unlikely-to-trigger-cut-to-junk-grade-ubs-says). It also needs OpenAI to pay a colossal amount of money. But this is the Stock Market, which isn’t based on fundamentals, so overall I’d say the outlook is extremely bullish.

8thSt

Just listened to Acquired podcast on Disney. Walt died and the company didn’t produce any meaningful IP for a decade +. Luckily they had decades of existing IP to carry them through. Musk ain’t no Walt. I suspect the company will implode (I mean really, what has he truly built lately but an ugly truck and some fancy accounting magic?), but should something survive then one day some visionary may be able to resurrect it. At the same time, I don’t see Musk as a visionary as much as a snake oil salesman. So maybe I’m biased.

F1R3Starter83

It’s all based on IP theft, therefore the only value is in the data centers and not the system itself. US makes Claude, China copies the entirety of Claude and renames it, Europoors copy it from China. The only value is in data centers and what makes them go bzzzz

Entreprenewbeur

Imagine someone smart enough to engage in insider trading (1) not know they are insider trading and (2) not know their Reddit posts are tied to IP addresses and are discoverable lmao

EngRookie

same is happening with nintendo. everyone keeps talking about hardware numbers. failing to realize that revenue from merch, licensing, and IP expansion is increasing every quarter. most people can't recognize a pivot until it is already too late to invest. all people care about is increasing revenue and fail to capture nuances of increasing margins and new revenue streams that are slowly building

_thisisvincent

FBI tracking op’s IP as well speak

Optimal_Image5192

The problem, at least for SaaS stocks (not as a business), is that markets have priced SaaS as high margin businesses. With AI, you have to start asking if these companies can charge the same per seat. It affects their pricing/negotiating power. And market doesn’t know how to price that into the stocks yet. I’ve started rotating into software this last month, because I think there are specialized softwares that have lot of IP moat or are deeply embedded in hardware and cannot be replaced by AI, because how long the component lead times are. I wrote about $FIVN, but I also like $CRNC, $YOU, $MITK, $BB, etc. All these have performed really well as the market starts to price in their moats imo.

Derpapotamus

Maybe I'm biased because I did the same DD independent of you, and came to the same conclusion, but your evaluation is spot on. What makes it more juicy is their Dana Farber cite showing it helped with patient selection for Enhertu (AstraZeneca's monoclonal antibody cancer treatment). If they get a Companion Diagnostic deal, it's beyond mooning. It's going to $10 overnight. The problem, which Jeff Busch identified immediately, is the value is trapped in a dumpster fire wrapped in a tire fire. Ignite is commercial stage. It works, it's backed by Medicare, and it has been shown to be very useful and of interest to big pharma. But no one will touch it because it's in the process of burning down. Better to dump $10m into shorting it, bankrupt them, then buy the IP for pennies on the dollar. And now the current situation is somewhat interesting. They've reached the 1b share cap, so they cannot dilute any further. Which is good for shareholders, but bad for them. They need cash to make it to September and finish the merger. Bear case is still very, very valid: They're swimming in toxic debt. They've just been delisted. The price is in the gutter. They're on the brink of bankruptcy. The bull case however, is also valid: They're sitting on hundreds of millions in locked up value. It's value that has evaluated by a 3rd party at $150m, so even if you don't trust my DD, Copley did their own research. The new guy at the helm has built one billion dollar medical REIT empire. Maybe he can do it again. This isn't even to mention Adimune and Pearsanta, two other assets they own that definitely are promising.

Imaginary-Case3976

Yep. AMD, QCOM and Intel spent over 2 decades or more chasing Nvidia and you think a startup with limited capital can tame the dragon while the others with almost endless capital can’t? Starting a new chip company from scratch is hard. Ask Google and Amazon and how much they spent. The best hope is for cbrs to get brought out for its IP when it’s down 70% from here

DrSenorChuckles

Ok, but listening to all the interviews of the ai giants they all say the same thing, the tech has pretty much hit the limit of what it can do with the tech we have, there is massive competition entering the field and little room to make a breakthrough that will keep gains this consistent, ai IP theft is through the roof, etc..

Designer_Professor_4

I'd be hard pressed to say that SpaceX/xAI and it's money draining X have assets, IP, and questionable moat around SpaceX worth 858 Billion. Twitter was 44 billion before Elon basically eviscerated it, that means you value SpaceX and XAI as roughly 800b and some change. That's bold. 150 per share is just outright fantasy land, but meme stocks are real.

Extension-Temporary4

The problem really is poor management and Evan will never give up control.  The sum of the parts could be worth something thought. They have valuable IP, valuable data, valuable good will, a substantial user base … there is a business here. It’s just clouded by bad management and an awful dual class share structure. 

Extension-Temporary4

At this price point I actually find it interesting.  I actually like snap. It’s a worthwhile shot in the dark at this price point.  $1.1 billion in cash and $2.8 billion in cash and cash equivalents. $3.5 billion in total debt, comprised primarily of long-term convertible senior notes.  Total Assets: $7.5 billion. Revenue from Advertising: $1.24 billion (81% of total top-line revenue). But, advertising grew at a modest 3% year-over-year rate. Not great but growing.  Revenue from Subscriptions & Other Streams: $285 million (up 87% year-over-year). 25 million paying subscribers and has achieved an annualized revenue run rate (ARR) of over $1 billion.   Total Revenue: $1.53 billion, an overall increase of 12% year-over-year. Net Income: ($89) million Net Loss. Improvement from $140mm net loss last year.   Adjusted EBITDA: $233 million (up 115% year-over-year).  Operating Cash Flow: $327 million   Free Cash Flow (FCF): $286 million (up 150% year-over-year) Days Sales Outstanding - DSO: clients typically pay within 60 to 75 days. Large brand advertising agencies up to 90 days. Don’t love this but fine, at least they are paying.    Days Payable Outstanding - DPO: 45 to 60 days. Again, don’t love that they are paying faster than they are bringing it in but understandable.  Year-over-Year Growth Expectations:  10% to 15%  Global Daily Active Users (DAUs) reached 483 million (up 5% year-over-year), and Monthly Active Users (MAUs) stand at 956 million. Cost Structural Changes: Management initiated a lean restructuring plan designed to slash its annualized cost structure by over $500 million in the second half of the year. Plus, if not for Specs R&D they would be profitable - a very capital-intensive hardware play. Specs are a drag on R&D costs but represent their primary long-term hedge against mobile OS platform changes. If specs fail, and they scrap the program technically they could convert into a pretty lean business that quickly goes into the black.  Obviously there’s more to discuss but at a high level it’s not an awful business and it is trading at an attractive price point. They have valuable data (not just for advertisers but for training LLM’s), they have valuable IP and they have goodwill. As others have noted, Evan is the problem. He would never agree to sell but if he did, I could see someone buying for the arbitrage opportunity. I think it’s interesting. 

Extreme_Lab_2961

there really isn’t one. Some Investors are still insisting this is a growth stock The C suite doesn’t want to give up that thesis as it will have material consequences to their comp packages. Heres the reality - Their IP sucks & they have very limited organic growth potential

Clearandblue

I disagree. There's some good innovations. Even just the approach of only running the neurons needed for the task at hand is a clever approach for improving efficiency. And let's not pretend anthropic are the only ones building models. LLMs were invented by Google for a start. Open AI and Anthropic have mainly taking things forward by just going massive with training data, shoving in terabytes of pirated IP. What I'm seeing today can be likened to American vs Japanese motors. A Harley Davidson with a 1.8 L engine may produce 62hp, while a Yamaha with a 1L engine can produce 220hp. You just reach a limit if your main trick is to do everything bigger rather than smarter.

Mobile-Tackle-9477

**:** the upside case (AI memory IP supercycle) is real, but it now sits next to an open federal grand jury subpoena tied to a criminal antitrust matter. That’s not a “might underperform” risk — it’s a “could the legal outcome change the entire business overnight” risk, and it’s basically unmodelable. Nobody — me, the analysts, anyone — actually knows how that resolves. The stock has already shown it can drop 20%+ in a day on incremental news about this

sentientshadeofgreen

I'm attacking the execution of a weak argument. Not much of an argument to attack to begin with, you're just flopping your credentials around like it makes your take stronger. How about the Mynaric acquisition affords RKLB the best lasercom IP for what will be a key component of a 4T TAM in telecom by 2030, a prime in the 1T space economy of 2030, protected by a vertically integrated physical moat in launch services? Layers 1-3 in telco are moving to orbit, the long-term money to be made in how that infrastructure gets in orbit and stays in orbit hasn't been priced in, there is unaccounted for latent demand because the economics of putting things in orbit has been so expensive. As the cost to put things in orbit decreases with competition, it's going to unlock significant spending to maximize speed and coverage which requires moving layers 1-3 to orbit. ASTS is a good D2D play with great IP, but RKLB's IP is postured to do *much* more than simply lob bullshit into LEO. 3/4 of their backlog is already space-system oriented which garners higher gross margin. I look at RKLB as what will be a 250B market cap ticker within a couple years on par with Lockheed Martin, because they are postured to compete in space better than the vast majority of other industrial participants. There is obvious execution risk, space is hard, but the upside is there even if it trades at a premium in traditional models.

Relative_Ad_2297

Here in India, I've seen a few presentations about QSI. Let’s be fully clear, currently the QSI instruments are costing a bomb to run. Proteus will do topsy-turvy of this, so sample running will become dead cheap, but the machine price is a proper *baba re baba*—an eye-watering $425K! I actually don't know what our price will be in India, but I'm sure it's going to be way higher than that! When you compare with Illumina, it is looking very fine. But main issue is, Illumina is giving massive throughput only. And coming to the current requirement: You cannot just do mixie of raw tissue and directly dump it on the instrument. No, *yaar*. The workflow is strictly depending on enrichment or target isolation. What Quantum-Si is telling: They are shouting from rooftops about system's ability for resolving protein mixtures (like 5-to-10-protein equimolar mixes) and finding low-abundance proteins down to 0.5% inside those mixtures. But what is the workflow reality? For looking at complex biological systems, Quantum-Si is fully pushing for Immunoprecipitation (IP) or Immunoaffinity Enrichment. In fact, their June 2026 tie-up with Cell Signaling Technology (CST) is specifically doing focus on using antibody-based enrichment for isolating specific proteins or PTMs before running on Proteus workflows. My thinking is like this... these guys are still not understanding WHY they are building this instrument. It has fundamentally not solved any major tension for applications that hundreds of labs will be doing thousands of times per year. So if someone is purchasing a Proteus, then how many times they will actually run it? Can someone kindly please revert on this? Till that time, my money is staying far away from QSI.

IsThereAnythingLeft-

Your WiFi IP does not give a location, that would be your WAN address. And WAN IPs change a lot, so what are they going to block you every time your ISP assigns you a new public IP? Don’t think so

crocaby

WiFis have IP address, which give off a location

DizzyMajor5

Genuinely you have some of the best TV shows ever on HBO critically and IP that's been around since the 30s. Superman, Bugs Bunny, Tony Soprano these are icons that transcend their medium Netflix has nothing like that. 

DizzyMajor5

100% their content is terrible and they have actual competition now from Tubi, Disney, Paramount, HBO. They have no IP anyone cares about and are up against ip that have in some cases been around for over a hundred years. A hundred years is a long time to foster good will. 

DizzyMajor5

100% their original stuff is bad to the extent it's insulting to the intelligence or it's giving off Dan Schneider there's going to be documentaries about this later vibes. Getting Warner Bros IP would have helped them a lot short term but they probably would have just turned it into slop. 

liuqiu_rangers

Depends on what you mean by "horrible". Most chaebols structurally limit the power of outside shareholders buying into their subsidiaries, but they are very well-run in terms of long-term planning, R&D focus, facility investment, etc. They're like the opposite of western companies, which have (usually) more transparent governance and are good at selling hype but have limited manufacturing capacity, IP, or long-term vision.

Imaginary-Case3976

It’s even easier than that. Take the IP and spin off the parks into a separate company. The parks are doing pretty well anyway.

Herbertand3

> Disney should just take a swing at acquiring a humanoid robot company with stellar tech talent and then build custom robots based on their IP. > Disney can probably sell household humanoid robots to the tens of millions of children and adults who are already bought into the love of those characters and treat them as their in-house companions. You should find a tree and apologize to it for wasting all of its hard work.

Some_Current1841

It’s crazy to me how flat Disney is with how much IP and reach they have

THECapedCaper

MetaAI = Every other stupid chat bot that steals IP and is trying to eliminate jobs

Youutternincompoop

>Disney should just take a swing at acquiring a humanoid robot company with stellar tech talent and then build custom robots based on their IP. the theme park division already has robotics in house lol, they built one of the largest walking robots to date back in 2000 known as 'big dino' before realising that they'd just created a child crushing machine and it could never walk the park safely. https://frankmezzatesta.com/wdi_bigdino.php if they thought humanoid robots were ready for the prime-time they would've put some out by themselves by now, the reality is that humanoid robots are still not practical devices(hence Elon Musk's 'optimus' robots being piloted by humans because Elon is a con artist)

cleverhobbits

This doesn’t make much sense for any party. Disney should just take a swing at acquiring a humanoid robot company with stellar tech talent and then build custom robots based on their IP. Disney can probably sell household humanoid robots to the tens of millions of children and adults who are already bought into the love of those characters and treat them as their in-house companions. How many tech people will buy an Iron Man robot to have around their home office??

Subject-Chest-8343

I mean, seeing AI shorts, I think maybe we might see AI manage to build some sort of TikTok doomscrolling machine that doesn't need human creators to sustain itself... But that would just be kind of a temporal black hole were you kill some time while waiting for the bus. But making a good series, with interesting characters, and a solid scenario that doesn't unexpectedly shit the bed after 3 seasons ? Can you use AI tools to do that for cheaper ? Probably. But it will always require human intervention, and that means it will always cost something, and there will be IP rights attached to it... Which means it will be distributed through platforms, which is a business Netflix is good at.

IdontNeedPants

> I've been day trading in my TFSA Proabbly not a great idea to declare you are breaking tax law. Hopefully you dont log into your reddit account from your home IP.

Khelthuzaad

I would wait til it reaches under 20 P/E All this company does to increase its profit margins is selling IP's back to competitors and increase monthly payments.

ThePurpleDongofTruth

yeah that is how IPOs typically go - nothing to see here I sold about 1/2 my stake at $200 and the other a longer term hold all bought at IP $135 price

NappyDougOut

There is also no "artificial brain" behind this current iteration. It's vurrently scripting, heavily maintained by humans, and heavily dependent on human controls & agendas... The data also comes from past human IP, mich of it already copywrotten, which is a massive legal problem... The design itself is setting everything up to hit a hard brick wall.

GroundbreakingSir386

Games are being managed as a strategic engagement lever tied to franchises with over 120+ games now and retention rather than a vanity metric, which is exactly how they can become a meaningful driver of time spent and IP value over the long term.

Zalvren

I mean the IP and studio was like 90% of the value even for Paramount offer. Yeah Paramount got shitty stuff with it which makes it worse for them. Didn't prevent the overvaluation though, the IP and studios were not worth 27.75$ per share either when it was like less than 10$ before the acquisition talks started.

jack3moto

netflix was not buying the linear cable portion of WBD. Only the IP and studio. It's not even remotely similar to what paramount bought.

jack3moto

as a business they're fine. As a growth stock they're hitting some major turmoil. They've got 300+ million subscribers and are doing a great job pushing people to their ad tier where they're generating $20+ per subscriber in ads alone. They will continue to print cash and have a very sustainable business. That being said, the miss on acquiring WBD, the lack of acquiring any IP over the last 20 years, the miss on trying to acquire Roku. The fact that they're making $250m+ budget movies that go directly onto their platform without hitting theaters is mind boggling. Their IP doesn't generate the money off screen that other major companies rely so heavily on. They're fishing for their next big thing and seem to be coming up short at every turn. That doesn't mean they won't find it but I think they're settling into a more accurate stock price. Do you believe they'll actually improve on their investment strategies that are separate from their current main business? Or do you think this is basically what netflix will be for the next decade. Sports rights are expensive as fuck and the NFLX has put netflix into a corner for 2029 where they're going to have to either put up or shut up on getting into the live rights of the NFL business more so than just 2-4 games per year. I'm pretty bearish on what they do outside of their core business that has grown to where it is today. I think they came in hot and did really really well becoming who they are, i'm not optimistic that they'll grow to be anything different.

weed_cutter

It's not really greater fool theory though. That's laughable. That's for BTC or Tulip rush or beanie babies. Apple stock represents ownership in a company with actual cashflow and IP. Even if the market irrationally hated apple with the fire of a thousand suns -- it's current P/E is 35 ... so 35x earnings ... so "hatred" made the stock trade at 1x earnings. I mean ... you'd buy as much as you can & convince all your friends + allies to do the same. ... That's ... that's how markets work. There is an underlying "there there." With meme stocks and crapto and "beanie babies" and bubbles, there IS no underlying "there there" -- you are fully, totally, completely at the mercy of a greater fool. ....Otherwise you're speaking in crazy hypotheticals. Like what if you owned a house in NYC and moved to Chicago, and for some reason, NOBODY would buy your house for ANY money in NYC and nobody would rent it for any price ... oof, a totally irrational market screwed you! This is simply ... not a thing. Even in the case of Apple ... even if YOU PERSONALLY couldn't finance control, some bug-eyed billionaire COULD wrestle control with enough money or allies ... so ... for that reason, the underlying money machine + control of it --- even marginal portions ... has tremendous value. Saying Apple stock is just as "Greater fool" as BTC is a bullshit argument by Crypto bag-holders who want to claim "everything" is magic beans and greater fool theory. Nope. No it really isn't.

BatFastard502

This is real. I work with numerous private equity-backed, private credit-funded concerns and many of them are toast if rates don’t go down to stop the PIK bloodbath. The reckoning is coming for private credit investors and their borrowers. I feel fairly certain of that fact. The impact on the broader market is less certain to me. This could be a natural selection moment. 2008 hit consumers directly and it was a bottom-up implosion (albeit caused by the top.) This could start and end with the middle, those building almost something out of sketchy debt, and could be an opportunity for healthy, publicly-funded companies to acquire IP and other assets at a discount. It would rock the public markets, for sure, but would it impact the American consumer enough to spark a true recession? I don’t know. It’s an interesting question.

HunterMichael92

Buying at the top also is not wise - Everyone said my last two picks were going to $0 - Lionsgate had No IP they said, now up to 5 year highs post-split, and CAPR was also dead according to Martin S. and here we are at 500% returns. Anytime I post on here, everyone hates the play, then 1 year later, they comment back on their hate. Maybe I won't go 3/3 but I believe we are higher likely to go up vs. down here. AND low debt is wonderful.

YungPersian

Yeah paramount way overpaid and Netflix will buy Warner IP at a discount in a few years. Oracle is glorified licensing company; if/when there is a correction this stock will be hit hard and the Ellison family will need to sell some stuff off.

Oceanshan

Well, they do both chip design and chip fabrication, which are having problems. Build leading edge node fabs is very expensive, so if you don't have customers to maximize its capacity and good "know-how" to keep the highest yield ( lowest defect rate) possible, then it gonna be a huge loss. And on customers side, in one hand, intel is their direct competitor so they would be very wary about IP thief if they order intel to make their chip. In other hand, back in that time( 2023-2024) intel own internal affairs and pipeline is not great, leading to their own chip becomes not as good as expected, so customers, especially the ones like Apple who need new chip fabricated in the latest node every year, not put their whole annual schedule to intel instead of proven fab companies like TSMC, who both good at their job and not having interests in Apple chip architecture

Level10Retard

Is AI not bullish for Netflix? They'll be able to pump out so much more content considering they have all the IP now. People are emotionally attached to the IP they saw as kids / teens.

bankfraud1

Outside of taking a complete accounting 101 lesson, I might suggest watching Martin Shkreli’s “Finance Lesson 3 Apple Model, Discounting Cash Flows” and apply that to TTWO. Based on the intrinsic value you see produced from the model you can buy or sell based on whether that is a significant margin above or below what the current enterprise value is. I dont time the market. I just exit when I find a better opportunity. Nothing fundamentally about this business with 7-8+ IP’s is changing on june 25th. The possibility of a GTA6 is just becoming more material. It will get more material as we get to november 19th. Once GTAO releases we need to examine their earnings to see if that makes more or less money than GTA5 online. Once GTA RP releases we need to examine in their earnings if that makes more or less. This will all take multiple quarters after the release.

Softmax420

Ok, thanks for showing everyone you’re clueless. 1. MS is not a key AI player. They don’t own the IP, they don’t manufacture chips. 2. We’re talking about Microsoft copilot, not GitHub copilot. 3. Google already bought a major stake in anthropic. I don’t know what any of that nonsense statement is about. As someone who builds AI applications for a living, I’m very close to this topic, so apologies if your misspelled ramblings didn’t convince me. My advice to you is to lump a bunch of money on Microsoft and prove everyone wrong. I’ll be waiting for the loss porn.

ShadowLiberal

I mean look at the China video generators, they can already make movie quality content, because they don't care about the IP issues behind the content for the training data. I do agree with the basic premise however. I think it's inevitable that AI will get so good that you can design custom people, dress them up in whatever you want, and tell the AI to have do whatever you want in scenes/pictures. I think someone will eventually make something kind of The Sims for designing fake AI people you can use for this. And when that happens I'm sure that AI porn will get a lot better. But I also think that a lot of Hollywood will be utterly screwed once it's easy to just use AI to generate perfect videos following any story you want. If it's 50 times cheaper then a real film crew/etc. then it's inevitably going to take off. I think that the only people in Hollywood who's jobs will be safe then are writers (since creativity is subjective, so AI will never be able to fully defeat humans there), and video editors (to fix problems in the content generated).

nobertan

IBM — stopped making products and just researched patents. Living off past glories with zero execution. Basically just research future technologies and lay traits for people actually taking things to market. Crazy they haven’t just been bought out and closed down, with the IP transferred over. (Although they keep getting valued like they’re selling something…)

canxkoz

If you have invested into snap and cannot take a 50%-60% drawdown well you didnt invest your money you are just in it to make a few couple pennies. The business is openly working; there is IP creation at a fraction of the companies that trade at multi trillion usd valuations.

_AntiSaint_

I’m not talking about AI adjacent companies or the fakers. I’m talking MU, SNDK, AVGO, NVDA, MRVL, etc. The real cash flow and tangible, enterprise value is in the capex of this cycle. I don’t recommend investing in the LLMs themselves (which will become more of an option soon)… I’m extraordinarily bullish on semis, storage, memory and the like. That’s where all the parabolic growth has come from anyways. Yes, AI from an IP sense is very valuable - we just don’t know the # yet - but the buildout is where everyone is cranking out crazy returns and as they should.

_AntiSaint_

There is not fundamental pricing for this market, and that’s not a flaw. The AI buildout, and the AI IP itself, is a novel space that didn’t really exist prior to a 18-24 months ago. It’s creating entirely new sectors within the space and transforming existing sectors (semis, memory, storage, etc.) that were once highly cyclical markets into highly profitable powerhouses with nearly unlimited pricing power. It’s not going to stay this way forever - we are in a heavy growth, heavy capex cycle - but trying to assign historical P/E’s and other valuation metrics to this AI / semiconductor space with no proven valuation trend lines to rely upon is just misguided from the start. I understand wanting to reach for some sort of semblance of logic or analysis that makes sense of it, but it doesn’t exist. There is clearly value here and lots of profit being generated, but not a soul on this earth knows what the true enterprise value of each of these hyperscalers is. Trade on thesis here, bot fundamentals and it’s much more logical. It’s not a bubble… I’m confident of that. If you can’t measure the value then you can’t determine if it’s been overbought until there’s been a post-mortem in the coming years.

sentientshadeofgreen

As a person who believes in generally efficient markets, I think the value ASTS can offer to telecom is too great to be undermined by pure cronyism, and they already have their FCC licenses. Also, what's great about having great technological IP is that you're not locked into one market, you can compete globally with that, and there is a global demand for this, especially in Pacific Rim nations who have serious considerations about mass-connectivity during emergency situations (ie. earthquakes, tsunamis, China crossing the strait, etc.) The DOD would be shooting itself in the foot to not be working cooperatively with ASTS.

RookieMistake101

This is a fun opportunity. I’m going to call it a SPAC Sandwich! Basically what we have is a company that was public (All Birds) go private. All the assets, the IP, all of it gets sold off in a private deal to another shoe company. Then this smart company basically goes public by buying all birds remaining public shell.

theNEOone

Very strange comment to make regarding how you "don't see how anyone can say Gemini is anywhere near as good as Claude Opus" without even checking. Here's Opus' own table and assessment: https://preview.redd.it/zvxoxsqi8v7h1.png?width=1111&format=png&auto=webp&s=cf7660b239eaf90492f6da9a9d5fa46ab72be8b7 The rough read: **Anthropic** leads on coding and agentic/professional work, **Google** leads on raw scientific and abstract reasoning at strong price-to-performance, and **OpenAI** is the broadest generalist and best at writing. On the crowd-voted LMArena Elo, Anthropic, xAI, Google, and OpenAI all cluster in the top tier within a narrow band. I continue to be surprised by the fact that so many people aren't aware of how strong Google is. They're leaders in many categories and are strong runner-ups in many others. They also have incredible IP, unbeatable distribution, arguably the world's best multimodal data, not to mention they basically invented the technology upon which basically every other LLM is building.

lpniss

Its has been stealing western IP from western capitalist seeking max profit, that model wont run forever, at some point you will have to innovate yourself if you wanna get to top indistry, then others will try to steal. For example EU is pushing chinese if they wanna sell electric cars to set up factories and tell knowhow, ofc chinese are pushing back now. So much for cooperation.

RockyCreamNHotSauce

To produce 40% of rare earth, you need to generate nuclear level waste that would annihilate huge swaths of land, county size, around it. China took decades to learn how to clean it. The scrubbing tech is protected by IP and national security measures. So unless Ethan Hunt can infiltrate and spend months learning the tech in China. There’s no where you can put this rare earth production without a local revolution. It’s like dropping nuclear bomb on their land.

Good_Application6420

Datacenters, distribution, llm of their own (eventhough not big enough today but all llms will be alike one day and become commodity), openAI stake and IP, windows Moat and so deep into corporate world and consumer.. Only company that is big is Google.. Just wait for 6 months until AI picks winners and losers for long term win...

TroubledAcorn

From what I am seeing, it looks like THC Drinks are getting a carve out at the before Nov ban. Thats just my opinion of what is happening politically. If we get certainty on THC drinks RYM will be a no brainer. I think its has potential regardless of the drinks as IP holder for GTI, but with Drinks on the table it has massive upside.

MtGloomy0420

That sounds like a failed industry to attach their lifeline to. Why would an oil company work with $KITT if they can just pretend long enough for $KITT to work out the tech, then go so heavy in debt they implode, and the oil company just swoops in and acquires all IP, tech assets and even key personnel for pennies on the dollar

Thotmas01

Do they have IP rights to a specialty anti-parasitic?

Blue_HyperGiant

That's not really so true. Available resources and tech make quality of life. Billionaires really don't move the needle much in terms of consuming resources. Their wealth is tied up in perceived value of companies - not consumable assets (or unused IP). Even if you magically seized 100% of musks holdings in SpaceX and Tesla you'd still have to convert it to cash (and have it lose 80% of the value while doing so) then you'd have to convert the cash to labor for social programs (school construction/teachers, hospital construction/doctors, farms/famers, ect.) and in the process you'd lose another 90% of the cash.

_thisisvincent

They own Sports, certain Entertainment shows (ex: Animal Control, Masterchef, Special Forces, TMZ, etc.), Fox News, and licensing over local stations that use the “Fox” name. They also acquired other platforms and IP like Tubi, Red Seat Ventures, and now Roku.

Icy_Jelly_315

How would that work? How many different IP addresses do you have in a day? And if you at home just switch off for an hour and you'll get a new one

pigeon_shit

Reddit mods banned gave RPM an IP ban. What did he do?

The_Gordon_Gekko

IPN - IP Not

DaySecure7642

That's why I said that it is overpriced for now, but it is a separate issue independent of the engineering and business potential. Engineering and business wise it really worths that much.. in the future, if starship is operational. There is a huge amount of stuff we need to send to space and the main obstacle right now is the launch cost. But the success of SpaceX also depends on whether other companies can catch up. Normally it shouldn't be possible, but Tesla had a history of naive IP practices that enabled the Chinese EV companies to reverse engineer. As soon as SpaceX can keep the rockets and IPs in house, I am quite confident with its engineering lead. But it is not guaranteed.

gratefulturkey

I buy this as a theory, but what is the target for M&A? The ARM deal already got killed, and they transitioned to the aquihire/IP transfer model to avoid FTC issues with groq.

maria_la_guerta

> If you don't have revenue, you can't pay back the credit. Not at all true. Patents, IP, Real Estate, investments, etc. None of these are considered revenue streams yet factor in heavily to a company's valuation. It is not a "pile of crap" to state that there's more to a business valuation than revenue, it's a simple fact.

Next_Instruction_528

SpaceX's dominance isn't one thing — it's a compounding stack of advantages that has widened into a structural moat most of the aerospace industry still hasn't reckoned with honestly. --- **Vertical integration at a scale no one else attempted** The traditional aerospace model outsources everything. Lockheed, Boeing, ULA — they're essentially systems integrators sitting atop enormous supplier webs. SpaceX manufactures roughly 70-80% of its hardware in-house: engines, avionics, composite structures, the grid fins, the software stack. This means iteration cycles that would take a traditional contractor 18 months happen in weeks. When they identify a failure mode, they own the fix. No supplier negotiation, no contractual change orders, no IP walls between subsystems. The Merlin engine was designed and built internally from near-scratch. So was Raptor — an engine running full-flow staged combustion, a thermodynamic cycle so demanding that the Soviets abandoned it and no Western engine had ever achieved it before Raptor flew. --- **Reusability as a genuine paradigm shift, not a PR talking point** Before Falcon 9, the industry consensus — backed by actual engineers at NASA and ULA — was that reusable rockets were theoretically possible but economically dubious because refurbishment costs would eat the savings. SpaceX proved that wrong by actually doing it, iterating until the refurbishment cost dropped to near-trivial. Falcon 9 boosters have now flown 20+ times routinely. The economics are transformative: an expendable Falcon 9 launch was already cheaper than a Delta IV Medium. A reused booster on a reused fairing compresses that further. ULA's Vulcan, Ariane 6, and ISRO's current generation are still partially or fully expendable. SpaceX is essentially operating on a different cost curve entirely. --- **Raptor and Starship represent a genuine generational leap** Raptor is the highest chamber-pressure engine ever flown — running above 300 bar, full-flow staged combustion, methane-fueled. The performance ceiling is substantially higher than Merlin, Vulcan's BE-4, or RS-25. Methalox was also a deliberate long-game bet: methane is producible on Mars via Sabatier reaction from CO₂ and subsurface ice, which makes Starship the first rocket architecture designed with interplanetary self-sufficiency as a first-order constraint rather than an afterthought. Starship itself, if it reaches operational status, makes everything else in development look incremental. 100+ metric tons to LEO fully reusable — compared to Falcon Heavy's ~64t expendable — changes the economics of what you can deploy to orbit. Large space stations, point-to-point Earth transport, genuine Mars missions without orbital assembly: these stop being multi-decade fantasies and become near-term engineering problems. --- **Cadence as competitive moat** In 2023, SpaceX conducted more orbital launches than every other nation and company on Earth combined. Launch cadence matters because every flight is a data point. Their telemetry and failure analysis pipeline is running at a rate that compresses learning timelines by an order of magnitude versus any competitor. When Starship had its first integrated flight test failures, SpaceX iterated faster between attempts than NASA takes to convene review boards. The "move fast" ethos is real but it's backed by the vertical integration — they can actually implement the changes they identify. **Institutional culture as structural advantage** This is harder to quantify but real. SpaceX recruits from the tail of the engineering distribution and runs on a culture of extreme ownership and rapid iteration that traditional aerospace contractors — constrained by cost-plus government contracts that actively disincentivize efficiency — literally cannot replicate without structural reform. Cost-plus contracting rewards complexity and delays; fixed-price contracts reward speed and cost control. SpaceX built its culture around the latter before it was mandatory. The talent density compounds the technical advantages.

FortheredditLOLz

Adobe took every opportunity to f\*ck their core customer base at every single turn, sentence, email and conversation. Which has now eroded their literal growth. I can’t wait for them to fail, so someone buys up their IP and open sources it.

Case17

If the costs go up 10x, i still think we’d pay for it. But we might control it more tightly. I do agree that at some point it doesn’t make sense, but right now the cost is minuscule. Yesterday I did a comprehensive IP survey in my space, and created a strategy and next steps. I put in 1h active time on my end. It helps significantly that i know the right questions to ask, so it’s not just blind AI use. I need to follow up with maybe 8h of patent reading and analysis. Without AI, this would have been a full time project taking a few weeks, and my brain getting overwhelmed by trying to keep track of details. AI is an enabling capability, and to me, the cost/benefit ratio is currently minuscule when compared to traditional methods. I asked Claude to estimate the total cost in tokens converted to $. About $25. I’d easily pay $250 for that; i wouldn’t think, i”d just go do. And if the AI task failed for some reason, i wouldn’t even be bothered by that cost. . I’d even pay $2500 for that, but might think carefully before executing. You have to consider not just the time saved, but the speed; competition lives and dies on speed. I wouldn’t pay $25,000. That’s too expensive. But i will add that all of that analysis was done in Claude Max mode with me repeatedly asking for more detail. Save money by lowering Max to High, etc… That’s the best I can personally say for myself and my company. I can certainly see how the cost will be a non-starter for consumers; Sonnet or other low usage models will be fine for them.

mattawara

Fine, I’ll bite… their product families: Creative cloud - everyone’s already focused on this. Also threatened by good ol fiver. Document cloud - native OS capabilities are eating this all day, and Docusign is doing the last mile. Experience Cloud - giant fucking turd of a platform. Only in use because of shady deals. Ai makes the integration easier which makes the al la carte approach more feasible for large corps. Still some good IP, but the structure is falling apart at the seams.

Rock_or_Rol

Circular financing, oligopoly semiconductor pricing, poorly reported semi depreciation, insane inflation levels amidst increasing buildout financing, increasing semi and open source LLM competition after the US spent decades dropping manufacturing for service and IP Totally sustainable

maria_la_guerta

> Only income should factor into the valuation. The valuation is estimated future income. The What? No. Patents. IP. Real estate. Investments. etc. So many stores of value that can contribute to a valuation. Which is exactly why this 'cost makes no sense.