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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20583770 No.20583770 [Reply] [Original]

Is this actually a big deal? Or is it like BMW Startup Garage or PWC Africa where it's only tangentially related to the main company?

Seems like the markets don't really know what the fuck to do about it either. If it were Big T tweeting this shit directly we'd already be at $10.

>> No.20583866

>>20583770
I think if they tweeted it directly hardly any of their regular followers (whoever they may be) would have any idea what the fuck they were talking about. It seems like a pretty big deal within the sphere of people who know what they're tlaking about -
>Deutsche Telekom is one of Germany’s leading companies, employing over 200,000 people and has a market capitalization of $80 billion. The fact that one of its subsidiaries is to become a provider of decentralized data feeds that are rewarded in cryptocurrency is significant. T-Systems’ announcement calls this arrangement "generalized mining":

https://cointelegraph.com/news/deutsche-telekoms-t-systems-is-now-a-chainlink-node-operator

>> No.20583872

its a german telecommunications company, who the fuck cares? its on par with partnering with a nigerian sewage company. Nobody gives a shit about the most cucked country on earth

>> No.20583909

>>20583770
Known since 2018. Priced in

>> No.20583944

>>20583909
This. It has literally been on the slide deck everyone knows by know since 2017 Sibos. *Flush*

>> No.20583969
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20583969

>>20583872
>This guy seething in multiple threads already
Take a look big guy:
>The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP.

>> No.20584041

>>20583866
Yes but this is the whole point. It is a fucking subsidiary of a subsidiary. It's like a McDonalds franchise location in Phoenix AZ running a node. It's cool but basically unrelated to McD's the multinational corporation.

>> No.20584304
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20584304

>>20584041
You can downplay it all you want, but the point is it is still significant. Subsidiary in this case means "relevant department" and not fucking franchisor lmao. That analogy is retarded.
>Deutsche Telekom: 80B revenue | 200k employees
>T-Systems: 8.6B revenue | 50k employees
>T-Systems MMS: 173M revenue | 2k employees
The fact Chainlink is in with T-Systems MMS is huge.