Comment on A tangled web of deals stokes AI bubble fears in Silicon Valley
SpaceCowboy@lemmy.ca 6 days agoYeah I remember a VC guy during the dot com boom was saying they were just about to invest in another start up (following the same plan they’d been doing for a few at that point) and they got a call form upstairs telling them to pull out. The next day the bubble burst.
These bubbles burst not based on random chance. The big guys know the business isn’t sustainable, but if they keep their money in it the shares maintain their value. Then one day they all pull out and pop! The bubble bursts. But they’ll make money on that too by shorting everything.
They make money when the stocks go up and they make money when the stocks go down. And they have enough money to make those stocks go up or down.
bodaciousFern@lemmy.dbzer0.com 6 days ago
Just like they did with Elon’s jet, we need a live public tracker or Pelosi’s stock purchases / sales so we can take the same actions apparently without any legal consequences 🙃
SpaceCowboy@lemmy.ca 6 days ago
You could do this (there are websites you can find easily) but Pelosi isn’t in power anymore and wouldn’t be in the loop on Trump’s corruption which is way more significant than just knowing which company the government is going to award a big procurement contract to or whatever.
The Trump corruption seems to have gone with crypto shenanigans and you can’t track them. We just know that someone made >$100M by doing crypto shorts exactly one minute before Trump posted about more insane tarrifs on China, but there’s no way to know who did that and we can’t track them. They’ll probably make similar amounts of money on the inevitable TACO.