Bonum Certa Men Certa

Matthew Garrett’s Employer, Aurora Innovation, Continues to Burn Down Through Debt and Lack of Marketable Products



Reprinted with permission from Ryan

Aurora Innovation debt
The debt of Aurora Innovation [sic] grew eightfold in a couple of years



Summary: Ryan, who has repeatedly been defamed by Matthew J Garrett in our IRC network (through extremely rude sockpuppets that promote illegal activity), is expressing his personal thoughts here; those represent the views of Ryan, not Techrights; Garrett has vandalised our IRC network for years, so this is relevant to the site.

M

atthew Garrett’s Employer, Aurora Innovation (blogged about previously), Continues to Burn Down Through Debt and Lack of Marketable Products.



Aurora is facing several new difficulties including proposed laws against autonomous semi-trucks even in their home state of California.



(These trucks would be a major safety hazard and a plot to make hundreds of thousands of Americans unemployed as human drivers are better at avoiding serious accidents.)



“These vehicles that they’re pushing are not legally able to be driven on our roads because they have not been proven to be safe. So it’s convenient to point at humans when (AV trucks) don’t have a track record yet,” Di Bene said.



Legislators want more time to study the technology’s safety. Assembly member Laura Friedman (D-Glendale), the head of the Assembly’s transportation committee, said the state Department of Motor Vehicles has so badly mishandled the driverless car industry – citing reports of robotaxis causing car jams, blocking emergency vehicles and fleeing from police – that she doesn’t want to make the same mistakes with big rigs this time around.



“The DMV has not done a great job at regulating this space,” Friedman said.



The Department of Motor Vehicles is tasked with issuing permits to all types of AVs, assuming the vehicles adhere to regulations. But legislators want to halt the DMV’s ability to grant those permits to long-haul trucks because of how disappointed they’ve been with the DMV’s deployment of driverless cars in the state.

-The Almanac (Samantha Stevens / Mountain View Voice)


Another problem the company faces is that each year it does business, it loses more money than the previous year. 2022 was their worst loss report yet, according to Yahoo Finance, at least for a whole year.



Aurora Innovation losses



Aurora Innovation losses by quarter



It’s when you get into the latest quarters that things really start looking horrific. $2.37 million in revenue in the latest quarter vs. $293.82 million in NEGATIVE earnings. And the two quarters before that were as bad or worse.



However, they have been raising money by selling off shares to offload their losses into things like pension and retirement plans that scoop up risky and toxic investments and make it someone else’s problem.



This would not be their ideal funding source except that at the interest rates the United States Federal Reserve is pushing up, it’s hard to get cheap money. It’s dried up, so now they resort to “finding a bigger fool”, or more likely, corrupt officials managing retirement funds.



For example, CalPERS is notoriously corrupt and sank a bunch of money into Tesla without asking anyone who is going to have to retire from the California government what THEY thought about it.



Reading the company financial statements, it’s hilarious how they simply push their “big product” further back and burn the furniture to stay warm while they speak of “adding length to our runway”.



They need that “longer runway” so they can pay Matthew Garrett to harass and annoy TechRights in various ways.



It’s hard for me to even imagine how much actual work they’re getting out of him seeing as how he’s become so devoted to trolling our chat rooms.



One would think that in an era of Pointy Haired Bosses installing keylogging spyware on employee computers to make sure they work, they would have noticed.



Then again, they count things like replying to dumb emails and generating PowerPoints “productive” and a “skill”. It’s not having a product that matters, it’s having a PowerPoint with all sorts of nice bars and graphs and pie charts.



Also, moving the mouse a lot is productive too. Maybe Matt GULAG is just moving his mouse and typing so it will count harassing us as productivity? It couldn’t possibly be that. Right?



I feel like spyware from your boss that measures mouse movement and keystrokes could be abused much like the system for counting “e-royalties” at Epinions dot com during the dotcom bubble.



You could make a tidy sum by writing crap articles and then making a browser plug-in that repeatedly cleared the cookies and hammered on the reload button.



There were so many things wrong at that place, but the articles blaming “reading circles” were way off the mark.



California is a hellhole where investors go to die.



Captive investors. People who thought they’d retire and their portfolio was full of crap.



Worker: “Where is my retirement money?”



Fund Manager and Government: “POCKET SAND!”



(Turns out you were fully vested in a homophobe from Ireland.)



Recent Techrights' Posts

Nat Friedman Had Left Microsoft GitHub Exactly One Week Before Matthew Garrett Sent His First SLAPP (Which Was an Empty Threat, He Was Abusing the Legal System of Another Continent to Terrorise Critics Who Had Just Unearthed Major Microsoft Scandals)
And it was likely talked about by his lawyers around the exact same time Nat Friedman was packing up
 
Pushing Microsoft's Proprietary Trash/Trap as "Open" and "Linux" (Windows is 'Linux' Now?)
Maybe it's time to just stop saying "FOSS". The people who use that term are promoting Microsoft.
Slopwatch: Comparing Linux to Vermin, Attacking BSD With LLM Slop, and Helping Microsoft Demonise Linux/OpenBSD/SSH Over Weak User Passwords
Microsoft must be laughing its arse off, seeing how a bunch of Serial Sloppers (no skills, no comprehension, no integrity, no creativity) and slopfarms use Microsoft LLM to flood the Web with anti-Linux FUD
Links 05/06/2025: US Poised for Another $2.4 Trillion to Debt, Cops Want GAFAM Kill Switches
Links for the day
Links 05/06/2025: First US Spacewalk 60 Years Ago, GNU Octave 10.2.0 is Out
Links for the day
Scandinavia Saying Goodbye to Microsoft
The Danes have had enough of Microsoft
GNU/Linux Measured at 6% in Bangladesh, According to statCounter
Windows isn't growing, it's going away
Gemini Links 05/06/2025: Loop Earplugs Review and ANS Forth
Links for the day
Armenian Adoption of GNU/Linux
Russian influence in Armenian must be worrying to Microsoft
Abuse Inside the Polish Patent Office (UPRP) - Part II: Turning a Once-Respected Patent Office Into a Circus and Laughing Stock
It's not legal, but administrators who don't care about the law and don't fear the law would just go ahead and turn things to junk
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, June 04, 2025
IRC logs for Wednesday, June 04, 2025
Slopwatch: Mindless Slop Pieces, Fake Images and Text, Linux FUD on the Cheap
spewed out by Microsoft-controlled LLMs
Links 04/06/2025: Workers' Strikes, Sudan Exodus
Links for the day
Links 04/06/2025: Linux Foundation PR Spam and Lee Jae-myung Wins Election
Links for the day
Gemini Links 04/06/2025: Future Leaders of the World and Platforming Jordan Peterson
Links for the day
Links 04/06/2025: WSL Backfiring on Microsoft and "Disney, Microsoft Announce Massive Layoffs"
Links for the day
Our Case is a Very Easy Win, the SLAPPs From Microsofters Were a Grave Error, and Censoring Information Won't Work (It'll Only Ever Backfire)
Censoring is what people do when they lose the argument
Say the Truth, the Rest Will Follow
There's no guarantee that writing the truth will result in an audience (or readership), but over time - in the long run - people generally gravitate towards what they know or feel to be crude truth, not just what's comforting (albeit false or self-deluding, usually groupthink dictated from above)
How to Expose High-Level Corruption Without Getting in (Too Much) Trouble
Democracy depends on free press and freedom of the press depends on being able to safely publish (and keep available) material that bad people don't want to be known to anybody
In-Depth EPO Coverage at Techrights Turns Eleven
11 years is a very long time
Windows Measured Below 10% in Afghanistan, GNU/Linux Gaining a Lot
about 80% are Android (Linux) users, compared to only about 10% for Windows
Poland's Political Predicament and Social Control Media
Democracy and fake "tech" don't mix well; the latter tends to interfere with the former and that's why we get more "Putins" out there
EPO: Taking Away From the Staff to Give More to the Rich
The Central Staff Committee (CSC) wrote to EPO staff earlier this week
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Tuesday, June 03, 2025
IRC logs for Tuesday, June 03, 2025
Abuse Inside the Polish Patent Office (UPRP) - Part I: It's a Lot Like the EPO
we can commence a series soon
Gemini Links 04/06/2025: Inescapable Questions and Quitting All "Oligarch Tech"
Links for the day
Slopwatch: Linux FUD From Slopfarms, Blaming Linux for Microsoft Issues; Even WebProNews Has Become a Slopfarm (Googlebombing "Linux" With Slop Images and Fake/Plagiarised Text)
The Web is really getting bad; it's also overwhelmed by fake material or plagiarised material, wherein the plagiarism gets disguised/hidden by LLM sausage factories
Links 03/06/2025: Tiananmen Square Massacre Censorship and Growing Military Activities Around Taiwan
Links for the day
Linux is Already Dominant (Android), Let's Make GNU/Linux Dominant in Desktops/Laptops as Well
"Dr. Stallman recently warned everybody about Microsoft."
The Loyalty to Microsoft and the Salaries From Microsoft (Funding SLAPPs Against Techrights and Tux Machines)
Garrett always knows better. He knows everything best.
Windows Falls in Italy as GNU/Linux Jumps to 5%
Italy knows a thing or two about digital autonomy
Nigeria is All Android and Google
Windows down to almost nothing in Africa's largest population
Mass Layoffs at Microsoft (Second Wave) Not Limited to Redmond
"More layoffs at Microsoft as axe falls in Washington and California"
Gemini Links 03/06/2025: Forth System and "Common Lisp is a Dumpster"
Links for the day
The Leaks Were Right: Mass Layoffs at Microsoft in May, Then Another Wave in June
Just as we've been saying for over a month
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Monday, June 02, 2025
IRC logs for Monday, June 02, 2025