Bullshit by Billionaires.

October 2026

Sam Altman on ads in AI

Said · May 1, 2024

“I kind of think of ads as like a last resort for us for a business model.”

Harvard fireside chat · in response to a question about advertising as a way to fund access to AI

Sam Altman seated beside a 2024 Xfund Experiment Cup banner at a Harvard fireside chat
Altman at the May 2024 Harvard event. Photograph by Jenny Jia, via Harvard Magazine. This is an event photograph, not a capture of his words; the original video is linked below.
The Reality · October 21, 2026

OpenAI said more than 100,000 advertisers had run ChatGPT campaigns and expanded ads to 89 countries. In August, it had reported a $1 billion annualized ad-revenue run rate.

The “last resort” became a global business line.

Altman said he was not categorically against ads and would consider them to widen access; he did not promise never to run them. OpenAI says the ads are labeled, separate from answers and restricted to Free and Go plans. The revenue figure is an annualized run rate, not revenue actually earned over a year. This was OpenAI’s business decision, not Altman’s personal ad sales.

Michael Saylor on Strategy’s bitcoin

Said · October 17, 2024

“We’re going to buy Bitcoin, never sell Bitcoin, we’re going to borrow money intelligently.”

Markets with Madison interview · describing MicroStrategy’s approach to investors

Strategy filing excerpt showing 2,225 BTC sold from July 1 through July 5, 2026; figure enlarged above and authentic row outlined in red
Strategy’s July 6 filing, page 2. The exact 2,225 figure is enlarged; the red outline on the authentic table excerpt is an editorial annotation.
The Reality · July 6, 2026

Strategy disclosed selling 1,363 bitcoin on June 29–30 and 2,225 more on July 1–5. It said the proceeds funded preferred-stock distributions and replenished its dollar reserve.

“Never sell” met a dividend bill.

Saylor was describing the company’s strategy, not promising what he personally would do with his own coins. The company—not Saylor personally—made these sales, and it still held 843,775 bitcoin on July 5. It had sold bitcoin before, in December 2022; these were not its first-ever sales.

Elon Musk on the Roadster

Said · February 28, 2024

“Production design complete and unveil end of year”

Musk on X · from a thread that also aimed to ship the car the following year, 2025

Crop of Electrek's 2024 report with an editorial enlargement of its rendering of the Roadster forecast
Electrek’s February 2024 report; editorial enlargement below the authentic excerpt. Its rendering differs slightly from the exact wording of Musk’s X post, linked below.
The Reality · October 15, 2026

Tesla unveiled a redesigned Roadster in October 2026. Musk said production would start in 2028—not an unveiling in 2024 or shipments in 2025.

The reveal arrived two years after the forecast. The cars have another two years to wait.

“Aiming” was a target, not a guarantee. Tesla demonstrated a vehicle in 2026 and is still taking reservations; the 2028 production date is a new forecast, not proof of deliveries. The Roadster was first shown in 2017, when Musk expected it to be available in 2020.

Jack Dorsey on Web5

Said · June 10, 2022

“this will likely be our most important contribution to the internet.”

Dorsey on X, introducing Block’s TBD Web5 project

Annotated excerpt from Block's shareholder letter with winding down TBD enlarged in red and outlined in the original passage
Block’s Q3 2024 shareholder letter, page 22. Enlarged text and red outline added to point to the original passage.
The Reality · November 7, 2024

Block told shareholders it was “winding down TBD”, the unit behind Web5, to invest instead in bitcoin mining and its Bitkey wallet.

The “most important contribution” became an initiative to wind down.

Dorsey said “likely,” not guaranteed. This was a decision about Block’s Web5 initiative, not an end to all decentralized-web work or to Block’s other bitcoin products.

Elon Musk on Optimus

Said · April 23, 2024

“And then I think we may be able to sell it externally by the end of next year. These are just guesses.”

Tesla Q1 earnings call · “next year” meant 2025

Teslarati's April 2024 headline, Tesla Optimus could start selling externally by 2025, over an image of the robot
Teslarati’s April 2024 report on the forecast; the full quote is in the earnings-call transcript below.
The Reality · October 21, 2026

Musk now expects Optimus deliveries to companies outside Tesla around the end of 2027. He says the robot’s AI, hardware and reliability still need work.

The robot has a production line. The delivery date got two more years.

His 2024 date was explicitly a guess, not a guaranteed launch. Tesla says it has started early production; the new date is also a forecast, not a completed delivery.

Mark Zuckerberg on privacy

Said · May 24, 2010

“You have control over how your information is shared.”

Washington Post op-ed

New Mexico jury verdict form reproducing Zuckerberg's May 24, 2010 Washington Post statement and marking it deceptive
The same sentence, sixteen years later — on the New Mexico jury’s verdict form.
The Reality · October 21, 2026

A New Mexico judge ordered Meta to pay $25 billion after a jury found the company misled users about their data. The jury specifically found the 2010 user-control statement deceptive.

The control was in the promise. The jury found it wasn’t in users’ hands.

This is a judgment about years of earlier conduct, not a new data breach. Meta disputes the ruling and says it will appeal.

Elon Musk on money & power

Said · May 2025

“In terms of political spending, I’m going to do a lot less in the future. I think I’ve done enough.”

Qatar Economic Forum · Bloomberg interview

Elon Musk speaking by video at the Qatar Economic Forum, with Bloomberg event branding beside him
Still from Bloomberg’s Qatar Economic Forum interview.
The Reality · October 2026

New filings show he gave $158 million in September to a Senate Republican super PAC. He has spent roughly $366 million this midterm cycle.

We all think he’s done quite enough — but apparently Musk just couldn’t help himself.

And why would he keep his word? Since his last round of funding his president, he became the world’s first trillionaire. The money is inconsequential; the power is addictive.

Donald Trump on democracy

Said · April 7, 2020

“There's a lot of dishonesty going along with mail-in voting.”

On mail voting · reported by NBC News

NBC News article body, April 10, 2020, showing Trump's April 7 quotation about dishonesty in mail-in voting
NBC News reporting the April 7 statement.
The Reality · October 2026

“Vote early, vote by mail or vote in-person on Election Day, November 3rd.”

The mail is suspect—unless the ballot has an R on it.

He hasn't withdrawn his fraud claims. He's now telling supporters to use the same voting method he spent years attacking.

Archive

  1. 01 · Free speech Elon Musk
    “My commitment to free speech extends even to not banning the account following my plane.”

    November 2022 · Posted on Twitter

    One month later

    Twitter suspended the account that tracked his plane.

    The exception had a tail number.

  2. 02 · Democracy Peter Thiel
    “The great task for libertarians is to find an escape from politics in all its forms.”

    2009 · The Education of a Libertarian

    Then

    He put more than $35 million into federal Republican candidates in the 2022 cycle.

    He escaped politics by financing it.

  3. 03 · Democracy Donald Trump
    “The electoral college is a disaster for a democracy.”

    November 2012 · Posted on Twitter

    After his 2016 win

    “The Electoral College is actually genius.”

    The system improved when it worked for him.

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