D-Wave hello to another quantum pioneer warned over possible delisting

D-Wave Quantum Inc is being warned by the New York Stock Exchange that it no longer complies with the regulations that govern listed businesses because its share price has been sitting under $1 for 30 trading days. The Notice of Non-Compliance – specifically Section 802.01C of the Exchange's Listed Company Manual – hit the …

[Pascal Monett]

"including but not limited to a reverse stock split"

It's nice to not limit your options, but how many do you really have ?

I mean, if nobody is buying, then your only real option is having less stock.

And that's just a stopgap because again, if nobody is buying, your stock is still going to fall.

So, when you only have one share left per investor at 90 cents, what's left to do ?

Because apparently garnering interest or excitement is already out of the picture . . .

[nautica]

'Cold fusion'; 'string theory'; 'quantum computers'; 'telekinesis'. Notice any over-riding pattern?

"D-Wave Quantum Inc is being warned by the New York Stock Exchange that it no longer complies with the regulations that govern listed businesses because its share price has been sitting under $1 for 30 trading days...

"...and is the second such business trying to build a quantum computer to fall foul of stock market regulations...

"Its stock price was $0.64 yesterday, up from $0.53 on Wednesday last week...

"Industry experts believe development of a full-blown quantum computer is still way off in the distance."

Who'd'a thought?

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"Say it ain't so, Joe!"--

supposed comment by an anguished young fan to 'Shoeless' Joe Jackson re involvement in 1919 Black Sox baseball scandal.

[Michael Wojcik]

Re: 'Cold fusion'; 'string theory'; 'quantum computers'; 'telekinesis'...

And D-Wave didn't have any prior expertise in general-quantum-computing systems. Quantum annealing is a significantly different beast. So they pretty much saturated the limited market for QA machines, became Yesterday's News (and were over-hyped then), then climbed onto the heavily-overloaded GQC bandwagon with no real differentiator. They're up against organizations like Alphabet, which of course has the attention span of a three-year-old but lots of cash to burn, and a number of research universities which are being fairly aggressively funded by their local governments. That's not a good position to be in.

Also, as people like Scott Aaronson keep pointing out, even if we get largish error-corrected GQC machines in the near future, what they'll mostly be good for is simulating physics. Which is a Good Thing, but again it's a limited market. Algorithms in BQP like Simon's, Shor's, and Grover's don't have a ton of real-world applications.¹ Other algorithms like QAOA haven't actually been proven to have any quantum advantage. People trying to develop error-corrected GQC systems love to hype the technology by hand-waving at other hard problems, but it's largely bullshit.

¹Breaking cryptography with Shor's requires a big QC machine, and will only be useful against particularly valuable targets even then. Still a very limited market.