"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?" - eviltoast

CWs: Cory Doctorow, newsletter, mentions of his upcoming book that he’s selling.

  • KingArnulf@lemmy.world
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    3 days ago

    They are too big to fail because the politicians that are suckling at their teats say they are. If those companies go under, the bribes, er donations dry up. They won’t let that happen. Millions, if not billions, of dollars are being funneled into the policical machinery to make sure that when the bubble pops, the people responsible will not pay any real price for it. It’ll be the workers and the tax payers who will have to clean up the mess while the ones who created it will sail off into the Caribbean on their newest super yacht.