Comment

ALLHAILHYPNOTOAD@lemmy.ml ⁨7⁩ ⁨hours⁩ ago

It’s all hype cycle bullshit. The Tech bubble was bursting so they hyped AI well past it’s true capacity. Investors threw all their money in it to hype it so others would buy in. The stock market is all hype. It just hypes anything it can to keep the growth artificially going. AI has real uses, but that wasn’t sexy enough for Wall Street. Then the bubble pops and the billionaire swoop in and steal more from everyone else.

source

Sort:hotnew top

Tollana1234567@lemmy.today ⁨4⁩ ⁨hours⁩ ago
crypto was the previous shiny new toy until it dint work, now AI will go through the same fate.

source
- prosecute_traitors@lemmy.world ⁨2⁩ ⁨hours⁩ ago
  Everybody knows market cap is directly proportional to real world value and usefulness.
  
  source
  - echodot@feddit.uk ⁨49⁩ ⁨minutes⁩ ago
    There is always someone who reckons they can get something from nothing. Also long as they exist the bubbles will continue
    
    source
- Knock_Knock_Lemmy_In@lemmy.world ⁨3⁩ ⁨hours⁩ ago
  
  crypto was the previous shiny new toy until it dint work
  
  The market cap of crypto is currently at all time highs.
  
  source
  - jaennaet@sopuli.xyz ⁨1⁩ ⁨hour⁩ ago
    Riiight, and how much of that is due to things being in actual “real-world” use, and how much of that is due to speculation?
    
    source
  - Mika@sopuli.xyz ⁨2⁩ ⁨hours⁩ ago
    I own crypto because I believe in idea of decentralised money, but I acknowledge that current solutions are just all bad in one way or another. If fiat disappeared tomorrow and everyone would be forced to use crypto daily, it would be a shitshow.
    
    source
AmbiguousProps@lemmy.today ⁨4⁩ ⁨hours⁩ ago
I’m so glad my 401k is going to vaporize because it’s mostly tech companies.

source
- TankovayaDiviziya@lemmy.world ⁨3⁩ ⁨hours⁩ ago
  As an ignorant non-American who doesn’t know how 401k works, could you not redirect where your investment/retirement goes?
  
  source
  - AmbiguousProps@lemmy.today ⁨2⁩ ⁨hours⁩ ago
    Only slightly, unfortunately it’s not as flexible as a normal investment account. I’ve done a good bit of trying to lessen the damage though.
    
    source
    TankovayaDiviziya@lemmy.world ⁨2⁩ ⁨hours⁩ ago
    That sucks. I work for an American company and I have to have mandatory pension contribution. I only put in 3% of my salary to it and stated I want them invested into medium risk funds.
    
    I don’t trust company pensions to be my source of retirement funds, and so I started my own investment portfolio. Even though I know US companies are more profitable, but with the way things are going, I limited my investments from select few US companies and I plan to invest more on Asian and European stocks.
    
    source