BUZZING· 70%10m·2026-10-09·TechnologyMonologue: Australia's Dodgiest AI IPO Is A Pale Horse
In this week's Better Offline monologue, Ed Zitron talks about the brittle state of Australian AI data center company Firmus’ IPO, its dodgy underlying numbers, and how the Australian media has set an example of how you should actually cover an AI company. NOTE: This IPO was officially postponed shortly before going…
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“American journalists ❌ American advertisers ✅”
“When SpaceX IPO, I read the financials. It was horrifying. Losses of $180,000 per share per year. LOSS per SHARE ... Did the media report on that? No, no they did not. They talked about going to Mars and the moon.”
“Can’t wait for the day when ‘NVIDIA backed’ becomes a synonym for pure garbage 🗑️ . Love you Ed”
“Ed, my partner calls you my "angry AI hating boyfriend." You help me keep my sanity in a job that's all in on AI, namely Copilot. I look forward to your updates every week. Also, you reference Margin Call so often that I think you loved the…”
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