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this post was submitted on 27 Mar 2024
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They successfully unloaded their failed company on some greater fool. These things will never be viable for anything other than being rich people toys.
They're not even great toys though.
But you can use it to show off to your "friends", so what makes it worthwhile to them.
China is the best chance for it to succeed though. It would be far more expensive to gain regulatory approval across dozens of western countries than to just bribe a bunch of CCP regulators and gain domestic access to millions of millionaires in one of the largest countries on Earth.
But after a few of those fall from the sky, bribes won't help any more.