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2 months agoThis way some faulty internet lore. The money losses were from a fluke of timing the opening date of operations versus when quarterly finances were reported. Big startup costs meant the first numbers looked silly until they had enough events to get steady profits. They’re doing fine now.
Internet should’ve known better too. It’s hard to lose in Vegas and the investors obviously knew what they were doing. The power costs are shocking for sure though. Yikes!
There’s actually legal reasons why publications would pay special care to their word choice like this. The difference between seeming violation and violation comes down to hard proof. Whether we like Elon’s sideshow or not, if there is a defendable claim that his post didn’t violate (e.g. new policy that allows it was approved internally but not yet published publicly), NYT could land themselves in a lawsuit that they have a chance of losing. Then ask yourself how many stories do they publish a day? The risk starts to add up quick.
So the word seeming is doing some heavy lifting there. If you ignore the ass covering, they did still report truth on something important.