Yep, and they were helped a lot after the 2008 financial crisis when interest rates were dropped super low and loans were cheap. That’s a major reason why the market has been screaming for the fed to cut the interest rate as much as possible.
OctopusNemeses@lemmy.world 5 days ago
Isn’t this just the tech industry. Run at a loss. Eat VC money. Wait. Wait.
Some how you become normalized and suddenly important Next thing you know you’re raking profit.
hark@lemmy.world 4 days ago
Tollana1234567@lemmy.today 5 days ago
after crypto, and Now AI, they will be chasing whatever faux tech that comes out next.
rozodru@lemmy.world 5 days ago
and then you go on linkedin and all the middle manager tech bros will hail it as the second coming.